WHEAT

- Jan 15 - US Commodity Credit Corporation (CCC) bought 49,000 MT of wheat for donation:

  • 30,000 MT of HRW to Yemen for Feb 5-15 shipment
  • 7,000 MT of wheat to Afghanistan for Feb 2-15 shipment
  • 12,000 MT of wheat to Bangladesh for Feb 5-15 shipment

- Two cargoes loaded with Argentine wheat are set to arrive at a port in Wilmington, North Carolina, US, next month

- Russia's Ag Min said Russia exported about 20.767 MMT of grain between July 1-Jan 13, 2015/16, down by 4% from 21.571 MMT a year ago, including:

  • wheat – 15.524 MMT (16.852 MMT a year ago)
  • barley – 3.267 MMT (3.26 MMT)
  • corn – 1.806 MMT (1.183 MMT)
  • others – 168 TMT (277 TMT)

- Russia has 2,646,600 MT of grain in its federal intervention fund as of January 15

- Morocco decreased wheat imports in 2015 by almost a third due to domestic growers gathering a record 8 MMT harvest last year

- Romania's Black Sea ports including the main one of Constanta remained closed on Monday because of strong winds after heavy snowfall blanketed the country at the weekend

- Iranian president Rouhani to visit Italy, France next week, first Europe trip after sanctions lifted

- Thailand aims to produce 25 MMT of rice paddy in the 2016/17 crop year, down from output of 27.06 MMT a year earlier

CORN

- South Africa has seen welcome rain in recent weeks, but precipitation came too late for farmers who typically plant crops between September and November. Bureau of Food and Agricultural Policy at the University of Pretoria forecasts this year's corn crop at just 4.7 MMT, down sharply from average production of 11.5 MMT between 2011 and 2015. Therefore, South Africa is expected to import around 5-6 MMT of corn

- A fire on the Guaruja side of Brazil's largest Port of Santos has been extinguished on Saturday, two days after containers holding chemicals caught fire

- Argentina increased mandate for ethanol in fuel to 12.5% from 10% previously

- US found first case of deadly bird flu in poultry since June. USDA confirmed a new strain of highly pathogenic H7N8 avian influenza in a commercial turkey flock in Duboise County, Indiana, on Friday

- South Korea has halted imports of US poultry and poultry meat just two months after shipments were resumed, following a fresh discovery of bird flu in the US

- Indonesian Government imposes a 10% value-added tax (VAT) on all cattle imports, apart from productive heifers

SOYBEAN

- Jan 16 - Egypt's GASC bought 35,500 MT of sunflower oil for shipment Feb 10-20. 10,500 MT were purchased from Aston and 25,000 MT from Glencore at 802 $/mt c&f

- NOPA said its members crushed 157.711 million bushels of soybeans during December, which was just below expectations (157.809 million bu – avg., 153.7-161.0 mln bu – range) and up 1% from November (156.134 mln bu). But crush was down 4.6% from December 2014 (165.383 mln bu) and the smallest figure for the month since 2011. Soyoil stocks rose to 1.481 billion lbs as of Dec 31 from 1.477 a month earlier, well above last year's level of 1.068 billion lbs, but lighter than expected of 1.529 billion lbs

- AgRural says Brazilian farmers have sold 48% of new crop soybeans forward by the end of December compared to 31% a year ago and 44% on average

- Oil World expects the 2016 rapeseed crop in the EU-28 to remain near last year's reduced level of 22 MMT, keeping import requirements at about 3.0-3.5 MMT

- Oil World forecasts Ukrainian rapeseed production to decline to a 9-year low of at best 1.2 MMT in 2016 (1.8 MMT in 2015 and 2.3 MMT in 2014), curbing export supplies to probably only around 0.8 MMT or less vs. 1.4 MMT in 2015/16 (July-June) and 1.96 MMT in 2014/15

- Oil World expects global rapeseed meal exports to shrink by roughly 10-12% to a 5-year low of 5.4–5.5 MMT this season mainly on account of lower exports from India