WHEAT

- Jan 6 - Japan received no offers for 120,000 MT of feed wheat and 200,000 MT of feed barley in a simultaneous buy and sell (SBS) auction. New SBS tender for the same amounts for each grain will be held on Jan 13

- Jan 5 - Morocco's ONICL bought only 9,800 MT of US soft wheat under a preferential tariff agreement (tendered for 360,000 MT), while it had received no offers to buy 315,000 MT of durum wheat

- Jan 5 - South Korea's Nonghyup Feed Inc. (NOFI) made no purchase in an international tender to buy up to 60,000 MT of feed wheat for Apr-June, citing too high prices. The lowest wheat offer was 179.86 $/mt c&f plus a 1.25 $/mt surcharge for additional port unloading

- EU in week ended December 29 granted licenses to export 336 TMT of soft wheat, bringing the total this season to 12.389 MMT vs. 14.36 MMT a year ago

- Argentine Ag Min said that half of the new crop wheat harvest is 10.5% protein and 80% of the carryout stocks of 4 MMT from the old crop have low protein. Argentina is expecting to produce 10.9 MMT of wheat in 2015/16. Argentine feed wheat is said to be trading around 155 $/mt, and some 700,000 MT were said to have been sold to Asian buyers in the last two weeks of December

- Indonesia is bolstering its rural flood defences to help farmers protect crops from monsoon waters and the La Nina weather pattern. It has forecast that the La Nina weather pattern will strengthen from mid-2016

- Ardent Mills restarts Illinois flour mill (in Alton) after flooding, while a mill in Chester will remain down for weeks

CORN

- Jan 11 - Indian state-run trading company PEC seeks 320,000 MT of optional origin non-GMO yellow corn for Jan 20-Feb 20 shipment. The tender closes on January 11 and offers must remain valid up to January 14

- Jan 5 - South Korea's Nonghyup Feed Inc. (NOFI) bought 13,000 MT of feed barley at 201 $/mt c&f plus a 1.25 $/mt surcharge for additional port unloading for Feb-March

- Brazil's Trade Min said country's corn exports set a new record in December at nearly 6.268 MMT, up 31.8% from 4.757 MMT in Nov 2015 and up 84% from the 3.405 MMT in Dec 2014. As a result, shipments in 2015 reached 28.9 MMT, some 40% higher than 2014 and easily topping previous record of 26 MMT shipped in 2013. Port line-ups indicate 5-6 MMT of corn will be exported in January, taking shipments for the 2015/16 commercial year (Feb-Jan) to around 34 MMT

- Brazilian Cereal Exporters Association (ANEC) said Brazil likely exported a record 30.7 MMT of corn in 2015, and will export around 30 MMT in 2016

- Zimbabwe plans to import up to 700,000 MT of the staple corn this year due to El Nino. Last year the government imported only 100,000 MT as of November

- China has already bought more corn than expected in its 2015/16 stockpiling scheme, adding to already bulging state reserves of the grain. By the end of 2015, the government had bought 54 MMT of corn, just two months after the scheme began in November and already exceeding expectations (40-50 MMT) for the six-month programme running to end-April. Chinese analyst Chicorn estimates total reserve purchases this season at 70 MMT

- Greenpeace said Chinese farmers are illegally growing GMO corn in China's northeast

- EU in week ended Dec 29 awarded 405 TMT of corn (maize) import certificates, taking the volume so far this season to 6.563 MMT vs. 3.844 MMT a year ago

- EU in week ended Dec 29 granted licenses to export 79 TMT of corn, bringing the total this season to 888 TMT vs. 1.319 MMT a year ago

- EU in week ended Dec 29 granted licenses to export 19 TMT of barley, bringing the total this season to 5.541 MMT vs. 4.189 MMT a year ago

- Argentine officials pegged the 2015/16 corn harvest (with fodder) at 26.0 MMT versus 33.8 MMT last year

- Dr. Michael Cordonnier left his Brazilian and Argentine 2015/16 corn crop estimates unchanged at 81.2 MMT (85.4 MMT in 2014/15) and 21.6 MMT (25.5 MMT in 2014/15), respectively

- Dr. Michael Cordonnier left his estimate of South America's 2015/16 corn crop at 107.1 MMT unchanged from previous estimate and vs. 115.1 MMT in 2014/15

- Brazil's ethanol exports in December hit a 2015 high of 286.7 million liters, outpacing the year's prior record notched in October of 260 million liters, and vs. 194 mln in Nov and 133 mln last year. Full-year exports rose to 1.867 billion liters in 2015, an increase of almost 34% from the 2014 total

SOYBEAN

- Brazil's Trade Min reported December soy exports at 731,439 MT, down from 1.443 MMT in Nov but well above 138,580 MT in Dec 2014

- Brazilian Cereal Exporters Association (ANEC) said Brazil will likely export a record 57 MMT of soybeans in 2016 (53 MMT in 2015), with new northern ports shipping most of the 4 MMT increase from last year

- Dr. Michael Cordonnier left his Brazilian and Argentine 2015/16 soybean crop estimates unchanged from last week at 97.0 MMT (96.2 MMT in 2014/15) and 58.0 MMT (60.8 MMT in 2014/15), respectively

- Dr. Michael Cordonnier left his estimate of South America's 2015/16 soybean crop at 170.3 MMT unchanged from previous estimate and vs. 171.5 MMT in 2014/15

- Viterra Inc, a unit of Glencore PLC, has struck a supply and marketing agreement to crush canola at Pacific Coast Canola LLC, a plant in Warden, Washington