WHEAT

- Feb 9 - Jordan seeks 100,000 MT of milling hard wheat for July shipment

- Feb 5 - Egypt's GASC seeks an unspecified amount of wheat from global suppliers for Mar 2-11 shipment. GASC received only 4 offers:

  • Soufflet: 60,000 MT of French wheat at 186.64 $/mt fob + 8.8 $/mt = 195.44 $/mt c&f
  • El-Wehda (Union Co): 60,000 MT of Russian wheat at 190.41 $/mt fob + 5.59 $/mt = 196 $/mt c&f
  • Cargill: 60,000 MT of French wheat at 192 $/mt fob + 8.8 $/mt = 200.8 $/mt c&f
  • Ameropa: 60,000 MT of Romanian wheat at 193.55 $/mt fob + 4.33 $/mt = 197.88 $/mt c&f

- Algeria's OAIC bought 840,000 MT of optional-origin milling wheat (French, UK's) in a tender this week, more than the volume previously reported, at around 178 $/mt c&f. OAIC had covered all of its import needs for the April and May shipping period

- Weekly US wheat export sales data for week ended January 28 of 154,000 MT, incl. 66,200 MT for 2015/16 were below trade expectations (200-400 TMT) and the smallest weekly total since 2015/16 marketing year began on June 1. Total current marketing-year US wheat export sales are 17% behind the same point last year

- EU in week ended February 2 granted licenses to export 786 TMT of soft wheat, bringing the total this season to 15.631 MMT vs. 16.715 MMT a year ago

- EU in week ended January 29 awarded licenses to import 3,500 MT of Ukrainian wheat under an annual duty-free quota. The award meant that the EU had now awarded 398,574 MT or 42% out of a total volume of 950,000 MT available in 2016

- Statistics Canada (StatsCan) said Canadian wheat inventories fell 19.3% to an eight-year low of 20.7 MMT as of Dec 31. The figure fell below an average of trade estimates for 21.8 MMT

- Conab left its Brazil's 2015/16 wheat crop estimate at 5.5 MMT, unchanged from the month prior

- USDA attaché in Ukraine said 2015/16 wheat harvest reached 27.2 MMT, the largest crop since independence in 1990. This data include Crimean wheat crop of about 742,000 MT

CORN

- Feb 11 - Jordan seeks 100,000 MT of feed barley for May-June shipment

- Weekly US corn export sales data for week ended Jan 28 of 1,143,500 MT, incl. 1,129,100 MT for 2015/16 topped market forecasts ranging from 800 to 1000 TMT. Total current marketing-year US corn export sales are 25% behind the same point last year

- EU in week ended Feb 2 awarded 376 TMT of corn (maize) import certificates, taking the volume so far this season to 8.699 MMT vs. 5.217 MMT a year ago

- EU in week ended Feb 2 granted licenses to export 3 TMT of corn, bringing the total this season to 978 TMT vs. 1.664 MMT a year ago

- EU in week ended Feb 2 granted licenses to export 212 TMT of barley, bringing the total this season to 6.277 MMT vs. 5.094 MMT a year ago

- Conab raised its Brazil's 2015/16 corn crop estimate by 1 MMT from January to 83.3 MMT. The agency expects a first crop of 29.35 MMT and a second (safrinha) crop of 54.99 MMT. Conab expects Brazil to export 29 MMT of corn

- StatsCan estimated Canadian corn stocks at 11.4 MMT as of Dec 31, up 17% from the same date in 2014

- StatsCan estimated Canadian barley stocks as of Dec 31 at 5.7 MMT, up 4.1% from last year and above the average market guess of 5.4 MMT

- StatsCan estimated Canadian oats stocks as of Dec 31 at 2.55 MMT, as expected, and virtually unchanged from last year

- Chinese officials have issued warnings to seed dealers and farmers not to use unapproved genetically modified seeds in the country's main crop belt, shortly after Greenpeace said it had found widespread GM contamination in corn

- USDA attaché in Ukraine estimated 2015/16 barley harvest at 8.7 MMT, including Crimean crop of about 463,000 MT

SOYBEAN

- Weekly US soybean export sales data for week ended Jan 28 of 22,100 MT, incl. net sales cancellations of 43,600 MT for 2015/16 were a marketing-year low and sharp below market expectation (400-600 TMT). Total current marketing-year US soybean export sales are 11% behind the same point last year

- Conab trimmed its Brazil's 2015/16 soybean crop estimate this month by 1.2 MMT to 100.9 MMT, which would still be a record-large crop. The agency expects Brazil to export 56.8 MMT of soybeans

- FC Stone estimate Brazilian soybean crop at 98 MMT

- Cargill Inc has slowed the crush at its soybean processor in Indiana and instead bought soymeal from rival Archer Daniels Midland Co (ADM) to ship railcars to feed markets in the southeastern United States

- StatsCan said Canadian canola inventories fell 3.9% to a three-year low of 12.1 MMT as of Dec 31, but above an average of trade estimates for 11.5 MMT

- StatsCan estimated Canadian soybean stocks as of Dec 31, at a record high 3.4 MMT, up 1% from the same date in 2014

- USDA attaché in Argentina raised its 2015/16 soybean production estimate to 58.5 MMT, which is 1.5 MMT above USDA's official latest projection

- USDA attaché in Argentina lowered its 2015/16 sunflower production estimate to 2.35 MMT, which is 250,000 MT less USDA's official latest projection and down vs. 2.76 MMT in 2014/15

- Egypt's Ministry of Supply and Internal Trade has signed contracts to import 105,000 MT of edible oil

- India's oilmeal exports plummeted 91% from a year ago to a record low of 17,243 MT in January on lower crushing of soybean (84,218 MT in Dec 2015 and 185,654 MT in Jan 2015). India's export of oilmeals during April-Jan 2015/16 dropped 51% to 1.005 MMT compared to 2.048 MMT during the same period of last year

- India exported 7,707 MT of soybean meal in January vs. 5,667 MT a month ago and 104,426 MT a year ago. India's Apr-Jan 2015/16 soymeal exports at 69,263 MT vs. 549,162 MT a year ago

- India exported 1,999 MT of rapeseed meal in January vs. 16,855 MT a month ago and 44,361 MT a year ago. India's Apr-Jan 2015/16 rapeseed meal exports at 314,138 MT vs. 939,946 MT a year ago

- India exported 3,349 MT of castor seed meal in January vs. 32,708 a month ago and 5,255 MT a year ago. India's Apr-Jan 2015/16 castor seed meal exports at 373,871 MT vs. 335,337 MT a year ago

- India has not yet made a decision to allow commercial cultivation of what would be its first genetically modified (GM) food crop, mustard