WHEAT

- Feb 2 - Egypt's GASC was seeking an unspecified amount of wheat from global suppliers for Mar 2-11 shipment. Egypt canceled wheat supply tender due to lack of offers. GASC's decision to apply zero tolerance towards ergot could lead to a risk premium and deter some exporters from bidding in its tenders

- Bangladesh's state grain buyer will issue an international tender next week to import 50,000 MT of milling wheat, 12.5% protein. The tender will be the fourth issued by the state grains buyer since the current financial year started in July

- Feb 4 - Japan seeks 141,275 MT of food wheat for Mar 21-Apr 30 shipment:

  • 16,483 MT of western white US wheat
  • 16,525 MT of hard red winter US wheat
  • 38,531 MT of dark northern spring US wheat
  • 35,276 MT of Canadian western red spring wheat
  • 34,460 MT of Australian standard white wheat

- US wheat export inspections for week, ending January 28, recorded 281,936 MT, in line with market forecasts (200-350 TMT). Inspections for 2015/16 are running 12% behind year-ago

- Feb 2 - Russia bought 18,765 MT of intervention grain (all wheat) via tender on the NTB (Moscow Exchange). Making the total bought since Aug 20 at 1,469,340 MT of Russian grain (1,431,135 MT of wheat, 17,685 MT of rye and 20,520 MT of barley). Separately Russia bought around 63,000 MT of Crimean wheat in intervention fund between Aug 19-Jan 28 via tenders on Crimean Exchange

CORN

- Feb 8 - Morocco's ONICL seeks 106,000 MT of barley from the local market. The barley, which could be imported or come from the local harvest, will be redistributed as a subsidised grain

- Feb 1 - Brazil's Conab attempted to auction off 148,000 MT of corn, but users purchased around 85% of what was offered

- Last month, India made its first purchases of corn in 16 years. Traders say India may need to import 1.5-2.0 MMT of corn

- USDA attaché in Mexico left its 2015/16 corn production forecast unchanged at 23.5 MMT, but raised its import forecast by 300,000 MT to 11.3 MMT, with 11.2 MMT expected to come from the US

- US corn export inspections for week, ending Jan 28, reported 681,807 MT, within analysts' estimates (550-700 TMT). Inspections for 2015/16 are running 20.4% behind year-ago

- US total corn consumed for alcohol and other uses was 495.5 million bushels in December 2015, up 2% from Nov 2015 but down 3% from Dec 2014

- US dry mill co-product production of distillers dried grains with solubles (DDGs) was 1.97 million tons during December 2015, up 2% from Nov 2015 and up 3% from Dec 2014

- US wet mill corn gluten feed production was 340.5 thousand tons during December 2015, up 5% from Nov 2015 and up 3% from Dec 2014

- EIA estimated US ethanol production for November at 29.594 million barrels versus 30.139 million barrels in October and vs. 28.588 million barrels a year ago

- USDA attaché in Japan expects feed barley imports to increase slightly in 2015/16, while food barley imports are forecast to remain flat. Total 2015/16 barley imports are expected at 1.15 MMT vs. 1.097 MMT last year

SOYBEAN

- US soybean export inspections for week, ending Jan 28, reported 1,153,438 MT, in line with trade expectations (0.95-1.25 MMT). Inspections for the 2015/16 marketing year are running 12.5% behind year-ago

- USDA estimated US December soybean crush for crude oil at 5.011 million tons, in line with market expectation and up from 4.974 million tons in November 2015. Crude soyoil stocks are estimated at 1.577 billion lbs as of Dec 31 vs. 1.545 in Nov, while refined oil stocks at 395,661 million lbs as of Dec 31 vs. 420,677 in Nov. December US soy cake and meal stocks were 270,421 tons vs. 342,962 in Nov

- EIA said US November biodiesel production at 106 million gallons vs. 107 million gallons in October 2015, and vs. 108 million gallons a year ago

- EIA said 464 million lbs. of soybean oil used for biodiesel in November (58% of feedstocks used to produce biodiesel) vs. 408 million lbs. in October and vs. 447 million lbs. a year ago

- USDA attaché in Brazil kept its forecast for Brazil's 2015/16 soybean production at a record 98 MMT (96.2 MMT in 2014/15) and expects soybean exports to reach a record 55 MMT (54.25 MMT in 2014/15)

- India may need to import of oilmeals, largely because its oilseed production has failed to keep pace with its demand for both vegetable oils and oilmeals