WHEAT

- Feb 23 - South Korea's CJ Cheiljedang Corp seeks a total of 66,600 MT of US wheat for May 20-June 20 shipment:

  • 17,500 MT of western/soft white (max. 10.5% and max. 11.0% protein), port Busan
  • 2,500 MT of western/soft white (max. 8.5% and/or max. 9.0% protein), port Busan
  • 6,100 MT of hard red winter (min. 11.5% protein), port Busan
  • 6,000 MT of dark/northern spring (min. 14.0% protein), port Busan
  • 11,500 MT of western/soft white (max. 10.5% and max. 11.0% protein), port Incheon
  • 1,100 MT of western/soft white (max. 8.5% and/or max. 9.0% protein), port Incheon
  • 5,200 MT of hard red winter (min. 11.5% protein), port Incheon
  • 16,700 MT of dark/northern spring (min. 14.0% protein), port Incheon

- US wheat export inspections for week, ending February 18, recorded 245,464 MT, below market forecasts (300-425 TMT). Inspections for 2015/16 are running 12.8% behind year-ago

- Russia says may increase grain exports to the UAE to 2-3 MMT from 500,000 MT presently

- The lowest offer in Iraq's tender to purchase at least 90,000 MT of US rice was 597 $/mt c&f free out for 30,000 MT. Other offers for US rice were made at 597.86, 612 and 635 $/mt c&f free out. Although the tender had sought US rice only, the company which submitted the lowest price also offered 60,000 MT of rice from Uruguay at 511 $/mt c&f free out and 60,000 MT from Argentina at 501.5 $/mt c&f free out. The tender closed on Feb 21 with offers having to remain valid until Feb 25

CORN

- Feb 22 - USDA announced export sales of 100,000 MT of US corn for delivery to Colombia during 2015/16

- US corn export inspections for week, ending Feb 18, reported 900,323 MT, higher-than-expected (600-800 TMT). Inspections for 2015/16 are running 19% behind year-ago

- China increased its ethanol imports sharply to 46,993 cubic meters in January, with the US getting nearly all of the business

SOYBEAN

- US soybean export inspections for week, ending Feb 18, reported 1,531,401 MT, above the high end of trade forecasts that ranged from 1.1 to 1.4 MMT. Inspections for the 2015/16 marketing year are running 9.4% behind year-ago

- AgRural reported 23% of the Brazilian soybean crop has been harvested as of Feb 19 vs. the five-year average of 21%

- Brazil's crushing group Abiove lowered its 2015/16 soybean crop estimate by 0.9 to 98.5 MMT (96.2 MMT last year); trimmed soybean exports forecast by 0.5 to 54.5 MMT (54.3 MMT in 2014/15)

- China imported 5.657 MMT of soybeans during January down 17.7% from year-ago. Main suppliers were the US (4.634 MMT), Brazil (620,743 MT), Argentina (187,794 MT), Canada (135,126 MT) and Russia (78,719 MT)

- China's January soyoil imports fell by 67.8% on year to 14,187 MT

- China's January rapeseed imports down 58.6% on year to 139,885 MT

- China's January rapeseed oil imports rose by 64.9% on year to 85,350 MT

- China's January palm oil imports up 4.6% on year to 482,106 MT