WHEAT

- Jan 21 - Egypt's GASC seeks an unspecified amount of wheat from global suppliers for Feb 20-Mar 1 shipment

- Jan 21 - South Korea's Samyang Corp seeks 23,200 MT of US wheat for Apr 20-May 20 shipment:

  • 12,300 MT of western white/soft white (max. 10.5% protein)
  • 700 MT of western white/soft white (max. 8.5/8.0% protein)
  • 2,500 MT of hard red winter (min. 11.5% protein)
  • 7,700 MT of northern spring/dark northern spring (min. 14.0% protein)

- Jan 20 - South Korea's Nofi bought 69,000 MT of optional origin feed wheat at 180.85 $/mt c&f plus a 1.50 $/mt surcharge for additional port unloading for June 25 arrival

- Jan 20 - Jordan has made no purchase in an international tender to buy 100,000 MT of milling wheat. Jordan is tendering again to buy 100,000 MT of hard wheat

- A drop in temperatures has improved the outlook for winter wheat in France, Germany and Britain, preventing crops from becoming too advanced and thus curbing the threat from pests and disease. Crops in Poland, where there was bitterly cold weather at the start of the year, may have fared less well

- Dr. Michael Cordonnier forecasts increase for 2016 wheat acreage in Argentina (planting begins in May) as much as 40%

CORN

- Jan 20 - USDA announced export sales of 243,100 MT of US corn for delivery to Mexico during 2015/16

- Jan 20 - South Korea's Kocopia bought around 50,000 MT of US corn at 189.65 $/mt c&f for May 10 arrival

- Drought-stricken South Africa is expected to import up to 6 MMT of maize, a staple in the African nation. White maize is the main source of calories for many households, while the yellow variety is used almost exclusively as animal feed. But outside Southern Africa, white maize is grown in significant quantities only in Mexico and the US

- Rosario Grain Exchange estimates Argentine new crop corn production at 23.8 MMT

- Dr. Michael Cordonnier forecasts increase for corn acreage for the next crop that will be planted later this year by 35-40%

- Japan's use of corn in animal feed production stood at 45.8% in November, down 0.1 point from October, but 1 point above year-ago (44.8% in Nov14). Users' reliance on alternatives such as sorghum, wheat and barley decreased this year. Wheat use in feed rations stood at 1.6% in November, versus 1.7% the month prior and the year before

SOYBEAN

- Jan 26 - Egypt's GASC seeks at least 10,000 MT of sunflower oil and at least 15,000 MT of soybean oil for Feb 20-Mar 4 shipment

- Turkey bought a cargo of US soymeal from the east coast

- China will likely import a record amount of soybeans this year as crushers will turn to cheap overseas supplies to meet nearly all the demand for soymeal. Feed mills are relying on soy product to replace other protein sources like rapeseed, DDGs and cottonseed. CNGOIC expect China's soybean imports as much as 85 MMT for the year ending September 2016, up 9% from 2014/15

- Mustard output in Rajasthan, India's top producing state (accounts for about half of the country's total output), according to a government estimate, likely rise 21.4% to 3.5 MMT in the planting season that began on Oct 1, from a low base last year when hail and rains damaged crops. Harvesting will start in March