WHEAT

- Russia's Ag Min said Russia exported about 20.496 MMT of grain between July 1-Dec 30, 2015, down by 2% from 20.983 MMT a year ago, including:

  • wheat – 15.349 MMT
  • barley – 3.209 MMT
  • corn – 1.769 MMT
  • others – 168 TMT

- Russia has 2,583,800 MT of grain in its federal intervention fund as of December 29

- Weekly US wheat export sales data for week ended December 24 of 382,400 MT, incl. 363,500 MT for 2015/16 were within analyst expectations (250-450 TMT). Total current marketing-year US wheat export sales are 15% behind the same point last year

- Argentina's Ag Min reported wheat harvest progress as of Dec 30 at 75% compared to 88% on this date in 2014

CORN

- Weekly US corn export sales data for week ended Dec 24 of 705,200 MT for 2015/16 were in line with market forecasts ranging from 600 to 800 TMT. Total current marketing-year US corn export sales are 25% behind the same point last year

- South African white corn prices more than doubled in 2015 to record highs of 4,661 ZAR/mt (298$/mt), up 114% on year, while yellow corn climbed by 70%, due to drought concerns

- Argentina's Ag Min reported corn planting progress as of Dec 30 at 78%, up from 77% a year ago

- EIA estimated US ethanol production for October at 30.139 million barrels versus 28.543 million barrels in September and vs. 28.644 million barrels a year ago

SOYBEAN

- Jan 6 - South Korea's Agro-Fisheries & Food Trade Corp seeks 50,000 MT of non-GM soybeans for arrival in 2017. Registration for the tenders will close on Jan 6, and the electronic bidding will be held on Jan 7

- Dec 31 - USDA announced export sales of 119,000 MT of US soybeans for delivery to China during 2015/2016

- Weekly US soybean export sales data for week ended Dec 24 of 579,400 MT, incl. 478,800 MT for 2015/16 were a marketing year low and much below than expected (1.0-1.4 MMT). Total current marketing-year US soybean export sales are 11% behind the same point last year

- EIA said US October biodiesel production at 107 million gallons the same as production in September 2015, but below vs. 121 million gallons a year ago

- EIA said 408 million lbs. of soybean oil used for biodiesel in October (51% of feedstocks used to produce biodiesel) vs. 390 million lbs. in September and vs. 459 million lbs. a year ago

- Argentina's Ag Min reported soybean planting progress as of Dec 30 at 87% versus 89% last year