WHEAT

- Feb 18 - Bunge Ltd is seeking to resell a cargo of French milling wheat (63,000 MT) that was rejected by Egypt in December over trace levels of ergot fungus

- Egypt's agricultural quarantine authority also rejected a shipment of Canadian wheat (around 8,000 MT), saying it contained traces of ergot. The latest rejection signals the country's quarantine authority may be sticking to its zero-tolerance policy

- Feb 16 - Jordan bought 50,000 MT of optional origin hard milling wheat (probably Romanian) from Dolje at 203.75 $/mt c&f for second half July shipment

- Feb 17 - Japan received no offers for 120,000 MT of feed wheat and 200,000 MT of feed barley in a simultaneous buy and sell (SBS) auction. New SBS tender for the same amounts for each grain will be held on Feb 24

- Feb 17 - Russia bought 21,195 MT of intervention grain (all wheat) via tender on the NTB (Moscow Exchange). Making the total bought since Aug 20 at 1,534,140 MT of Russian grain (1,495,935 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

- French wheat is still suffering from competitiveness of Ukrainian origins improved by the fall of the local currency

- US wheat export inspections for week, ending February 11, recorded 383,947 MT, within market forecasts (275-400 TMT). Inspections for 2015/16 are running 11.5% behind year-ago

- Australia's GrainCorp will join a consortium that aims to acquire and list the country's largest wheat exporter Western Australia-based Co-Operative Bulk Handling Ltd (CBH), valued at up to $2.1 billion

- Feb 17 - Thailand sold 245,262 MT of rice from state stockpiles to private companies for industrial use in its second auction of the year. Total, the government sold 397,639 MT of rice in its two auctions on Tuesday and Wednesday, or around 70% of the target amount of 570,000 MT

CORN

- Feb 16 - USDA announced export sales of 190,000 MT of US corn for delivery to Colombia during 2015/16

- US corn export inspections for week, ending Feb 11, reported 690,922 MT, in line with analysts' estimates (550-750 TMT). Inspections for 2015/16 are running 20% behind year-ago

- Feb 16 - Brazil's Conab sold to the domestic market around 76 TMT of corn out of the offered 150 TMT from state stocks via auction

- The central Brazil state of Goias authorizes the imposition of a tax on corn exported from the state. It will take effect sometime in 2016. The tax is typically ranges between 9% and 12%. Goias is Brazil's fifth largest grain producing state

- Rosario Grains Exchange raised its 2015/16 Argentine corn crop estimate this month to 24.2 MMT from 23.8 MMT previously

- China is preparing to sell ageing corn from its reserves, months earlier than the government's regular annual sales which usually begin after April. Beijing is holding about 10 MMT of ageing corn that has been stored for more than three years. The quality may not be suitable for animal feed production and price could be below 1,500 RMB/mt (229.9 $/mt). Total corn stocks are now more than 200 MMT. China has already bought more than expected in its 2015/16 stockpiling scheme. Total purchases may exceed 90 MMT, a record level, by the end of the scheme in April. The government had purchased 82.6 MMT by Feb 5

SOYBEAN

- US soybean export inspections for week, ending Feb 11, reported 1,760,174 MT, well above trade expectations (1-1.2 MMT). Inspections for the 2015/16 marketing year are running 11% behind year-ago

- NOPA said its members crushed 150.453 million bushels of soybeans during January, which was below trade estimates averaging about 154.557 mln bu, also down 4.6% from December (157.711 mln bu) and down 7.5% from January 2015 (162.675 mln bu). Soyoil stocks rose to 1.526 billion lbs as of Jan 31 from 1.481 a month earlier, well above last year's level of 1.228 billion lbs, but lighter than expected of 1.54 billion lbs

- The central Brazil state of Goias authorizes the imposition of a tax on soybeans exported from the state. It will take effect sometime in 2016. The tax is typically ranges between 9% and 12%

- Safras&Mercado reported 15.7% of the Brazilian soybean crop has been harvested as of Feb 12 vs. the five-year average of 12.8%

- Condition of Argentine soybean crop continues to improve following recent rains and over 90% of the crop is rated good to very good

- Indian Ag Min expects new crop rapeseed production at 6.8 MMT versus USDA's estimate of 6 MMT

- India imported 1.258 MMT of veg oils (edible & non-edible) in January vs. 1.419 MMT in December and vs. 1.095 MMT a year ago

- India imported 3.995 MMT of edible veg oils in Nov-Jan 2015/16 vs. 3.356 MMT in the same period of 2014/15

- India imported 530,081 MT of crude palm oil in January vs. 551,058 MT in December and vs. 580,695 MT a year ago

- India imported 150,064 MT of RBD palmolein in January vs. 229,520 MT in December and vs. 69,977 MT a year ago

- India imported 441,200 MT of soybean oil in January vs. 490,718 MT in December and vs. 224,430 MT a year ago

- India imported 118,000 MT of sunflower oil in January vs. 102,740 MT in December and vs. 155,811 MT a year ago

- India imported 7,461 MT of rapeseed oil in January vs. 25,609 MT in December and 43,759 MT a year ago

- India's stock of edible oils as of February 1, 2016 at various ports is estimated at 1.055 MMT (CPO 445,000 MT, RBD palmolein 155,000 MT, degummed soybean oil 325,000 MT, crude sunflower oil 105,000 MT and 25,000 MT of rapeseed (canola) oil) and about 1,400,000 MT in pipelines. Total stock at ports and in pipelines decreased to 2.455 MMT from 2.51 MMT a month ago, but well above last year's 2.095 MMT. India's monthly requirement is about 1.6 MMT