WHEAT

- Jan 26 - Russia bought 26,460 MT of intervention grain (all wheat) via tender on the NTB (Moscow Exchange). Making the total bought since Aug 20 at 1,430,730 MT of Russian grain (1,392,525 MT of wheat, 17,685 MT of rye and 20,520 MT of barley). Separately Russia bought 59,046 MT of Crimean wheat in intervention fund between Aug 19-Jan 20 via tenders on Crimean Exchange

- US wheat export inspections for week, ending January 21, recorded 187,903 MT, below of market forecasts (299-408 TMT). Inspections for 2015/16 are running 11.2% behind year-ago

- Argentina's wheat exports are expected to more than double to 9.8 MMT in the year to June 2017. So Argentina to get back its former market share at the expense of other exporters

- The market drew some support from worries about cold weekend weather in parts of Russia, Ukraine and China that may have threatened winter wheat crop

- MARS said that cold snap that hit Europe early this month damaged crops in the eastern part of the bloc and Ukraine

- China's December wheat imports up in 4.5 times on year to 214,145 MT

- China's 2015 (Jan-Dec) wheat imports flat on year at 3 MMT

- Algeria's 2015 (Jan-Dec) grain imports up 11.2% on year to 13.67 MMT, including 6.74 MMT of soft wheat vs. 5.43 MMT in 2014 and 1.76 MMT of durum vs. 1.97 MMT previous year

CORN

- US corn export inspections for week, ending Jan 21, reported 599,765 MT, within analysts' estimates (483-610 TMT). Inspections for 2015/16 are running 21.5% behind year-ago

- Argentina was very active again last week registering corn export sales. Sources saying close to 9.5 MMT have been registered so far in January

- South African Crops Estimation Committee (CEC) is due out Wednesday, Jan 27, with its first estimate of the new crop maize numbers, and the average trade guess is pretty low at 6.86 MMT, down 31% from last year

- China imported just 133,117 MT of corn last month, which was a 78% decrease from last year but above from November (18,674 MT). Corn purchases in 2015 (Jan-Dec) stand at a record 4.7 MMT, an 82% increased from previous year

- China December distillers' grains imports down 9.7% vs November

- Algeria's 2015 (Jan-Dec) corn imports totaled 4.41 MMT up from 4.1 MMT in 2014, while barley exports decreased to 750 TMT from 770 TMT previous year

SOYBEAN

- US soybean export inspections for week, ending Jan 21, reported 1,197,226 MT, below of trade expectations (1.28-1.44 MMT). Inspections for the 2015/16 marketing year are running 11.6% behind year-ago

- Surveyor SGS estimated Malaysia's Jan 1-25 palm oil exports at 931,173 MT down 8.3% from a month ago

- China's December soyoil imports down 62% on year to 15,735 MT

- China's 2015 (Jan-Dec) soyoil imports down 28% on year to 817,879 MT

- China's December palm oil imports up 9.3% on year to 667,739 MT

- China's 2015 (Jan-Dec) palm oil imports up 11% on year to 5.9 MMT

- Philippine exports of coconut oil in 2015 totaled 843,710 MT, exceeding UCAP's forecast of 804,000 MT, but lower than the previous year of 856,973 MT