WHEAT

- Jan 12 - Taiwan seeks 88,750 MT of US grade 1 milling wheat in two consignments. One of 40,400 MT is for Feb 27-Mar 2 shipment and the second of 48,350 MT is for Mar 15-29 shipment

- Jan 7 - Japan seeks 131,031 MT of food wheat for Feb-Mar shipment:

  • 12,350 MT of western white US wheat
  • 22,730 MT of hard red winter US wheat
  • 63,261 MT of Canadian western red spring wheat
  • 32,690 MT of Australian standard white

- Jan 5 - Ethiopia seeks 70,000 MT of optional origin milling wheat

- Jan 5 - South Korea's Nonghyup Feed Inc (NOFI) seeks up to 60,000 MT of feed wheat of optional origin (excepting Denmark and Brazil) for Apr-June and 13,000 MT of worldwide origin feed barley for Feb-March

- Three ships carrying more than 180,000 MT of French wheat bound for Egypt are being delayed because exporters have reportedly not yet received letters of credit

- In Ukraine was some winterkill over the weekend, as snow cover was not as good as expected

- US wheat export inspections for week, ending December 31, recorded 348,273 MT, within the range of market forecasts (200-350 TMT). Inspections for 2015/16 are running 12.3% behind year-ago

- Condition ratings for winter wheat in Illinois declined during December after heavy rains flooded part of the state, but more than half the crop was still seen as good to excellent

- The former Chairman of China Grain Reserves Corp (Sinograin), Zhao Shuanglian, will become the chairman of COFCO Group Co. Ltd, replacing Ning Gaoning

- The former chairman of COFCO Group Co. Ltd, Ning Gaoning, has been named the chairman of Sinochem Group

- Carlsberg sells Danish Malting Group to Viking Malt

CORN

- South African Ag Min says if drought worsens they could import corn by May or June

- US corn export inspections for week, ending Dec 31, reported 324,566 MT, well below analysts' estimates (475-600 TMT). Inspections for 2015/16 are running 22.2% behind year-ago

- US total corn consumed for alcohol and other uses was 484.5 million bushels in November 2015, down 2% from Oct 2015 but unchanged from Nov 2014

- US dry mill co-product production of distillers dried grains with solubles (DDGs) was 1.94 million tons during November 2015, down 1% from Oct 2015 but up 9% from Nov 2014

- US wet mill corn gluten feed production was 322.7 thousand tons during November 2015, down 1% from Oct 2015 but up 9% from Nov 2014

SOYBEAN

- Jan 4 - USDA announced changes in destination on the sale of 217,000 MT of US soybeans for delivery during 2015/16 from unknown to the Netherlands

- Jan 4 - CME Group Inc declared force majeure for all soybean shipping stations until further notice because of flooding on the Illinois River

- US soybean export inspections for week, ending Dec 31, reported 1,510,834 MT, well above the trade expectations (1.05-1.3 MMT). Inspections for the 2015/16 marketing year are running 10.3% behind year-ago

- USDA estimated US November soybean crush for crude oil at 4.974 million tons, down from 5.104 million tons in October 2015. Crude soyoil stocks are estimated at 1.493 billion lbs as of Nov 30 vs. 1.617 in Oct, while refined oil stocks at 420,677 million lbs as of Nov 30 vs. 371,349 in Oct. November US soy cake and meal stocks were 342,962 tons vs. 360,253 in Oct

- Argentina's government was disappointed by the volume of soy stocks sold by farmers in the three weeks since it reduced the tax on soybean exports. Argentina's soy harvest would be close to 60 MMT of soy in the 2015/16 crop cycle, slightly below the 61.4 MMT produced in the previous harvest

- Rain in centre-west and northern Brazil this week should ease concerns about the soy crop before harvesting

- There are concerns about economic weakness in China