WHEAT

- Dec 23 - South Korea's largest animal feed maker Nonghyup Feed Inc (NOFI) bought around 69,000 MT of world-wide wheat at 184.75 $/mt c&f from Archer Daniels Midland Co with an additional 1.25 $/mt surcharge for additional port unloading for May 1 arrival

- Russia has no plans to impose any restrictions on exports of Russian grain to Turkey

- Russia's Ag Min said Russia exported about 19.425 MMT of grain between July 1-Dec 23, 2015, down by 5% from 20.412 MMT a year ago, including:

  • wheat – 14.519 MMT (15.974 MMT a year ago)
  • barley – 3.103 MMT (3.121 MMT)
  • corn – 1.642 MMT (1.072 MMT)
  • others – 160 TMT (245 TMT)

- Rosselkhoznadzor estimated Russian grain exports between Jul 1- Dec 28, 2015 at 22.22 MMT (incl. 15.58 MMT of wheat) compared with 23.74 MMT (16.52 MMT) in Jul 1- Dec 31 of 2014

- Vietnam's 2015 rice exports rise to 6.7 MMT

CORN

- Dec 23 - South Korea's largest animal feed maker Nonghyup Feed Inc (NOFI) bought around 195,000 MT of US or South American corn for June-July arrival:

  • 65,000 MT at 181.25 $/mt c&f from Pan Ocean with an additional 1 $/mt surcharge for additional port unloading
  • 65,000 MT at 181.37 $/mt c&f from Glencore Int AG with an additional 1.5 $/mt surcharge for additional port unloading
  • 65,000 MT from Glencore Int AG at a basis price of 82.25 c$/bu c&f with an additional 1.5 $/mt surcharge for additional port unloading

VEGOILS

- UCAP estimates Philippine coconut oil exports in November at 69,729 MT versus 56,017 MT a year ago, after three months of declines. This brings shipments over the 11 months to November to 782,531 MT, down 5.6%

- IFFCO (S.E.A.) Sdn Bhd said that with palm becoming less competitive, India's purchases will climb only 100,000 MT to 9.7 MMT this marketing year, while soyoil purchases will surge 40% to 4.2 MMT

- Surveyor Intertek Testing Services estimated Malaysia's Dec 1-25 palm oil exports at 1,010,422 MT down 15.8% from a month ago

- Surveyor SGS estimated Malaysia's Dec 1-25 palm oil exports at 1,015,105 MT down 16.5% from a month ago