WHEAT

- Mar 16 - Egypt's GASC seeks an unspecified amount of wheat from global suppliers for Apr 15-24 shipment

- Mar 16 - Algeria's OAIC seeks 50,000 MT of optional origin durum wheat for April-May shipment

- Mar 16 - Japan bought 1,700 MT of feed grain (incl. 100 MT of wheat and 1,600 MT of barley) for August 31 arrive via SBS-tender. New SBS tender for 120,000 tons of feed wheat and 200,000 tons of feed barley will be held on March 23

- Syria has reduced international tender seeking milling wheat using a credit line from Iran to 150,000 MT from 200,000 MT. The deadline in the tender has been postponed to March 23 from March 15

- Iraq's state grains board bought 100,000 MT of Canadian hard wheat at 236.91 $/mt c&f free out. The purchase was made after Iraq last week informed traders it had cancelled a tender for at least 50,000 MT of wheat

- Mar 16 - Russia bought 26,325 MT of intervention grain (all wheat) via tender on the NTB (Moscow Exchange). Making the total bought since Aug 20 at 1,641,326 MT of Russian grain (1,603,121 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

- Germany's association of farm cooperatives forecasts country's 2016 wheat crop at 26.1 MMT, a 1.7% reduction from last year

- Britain was a net exporter of wheat in January, fourth consecutive month in 2015/16, with export totaled 309,640 MT, up from 250,781 MT in December and the highest monthly total since December 2011. Top customers included Spain (175,332 MT), the Netherlands (49,737 MT), France (29,722 MT) and Algeria (24,500 MT). Cumulative UK's wheat exports for 2015/16 climbed to 1.302 MMT compare to 1.076 MMT in Jul-Jan 2014/15

- UK imported 82,319 MT of wheat in January, down from 223,763 MT in December and the lowest monthly total since the February 2015, including 22,321 MT from Canada; 20,884 MT from Germany and 17,502 MT from Sweden. Britain's Jul-Jan wheat imports totaled 1.015 MMT vs. 1.071 MMT a year ago

- Thailand will sell 641,000 MT of rice from government stockpiles this month in its second auction from the inventories this year

CORN

- Dr. Michael Cordonnier left his Brazilian and Argentine corn crop forecasts unchanged this week at 84 MMT (85.4 MMT in 2014/15) and 25 MMT (27 MMT in 2014/15) respectively

- Dr. Michael Cordonnier left his estimate of South America's 2015/16 corn crop at 113.3 MMT unchanged from previous estimate and vs. 116.2 MMT in 2014/15

- Germany's association of farm cooperatives expects country's 2016 corn crop at 4.45 MMT, a 12.2% growth from last year

- Germany's association of farm cooperatives expects declining of country's winter barley crop by 2.1% to 9.43 MMT this year and 1.2% reduction of spring barley crop to 1.97 MMT

- UK imported 188,116 MT of corn in January, up from 126,062 MT in December, including 64,948 MT from Ukraine; 40,421 MT from Argentina and 36,150 MT from France. Britain's Jul-Jan corn imports totaled 1.157 MMT vs. 1.156 MMT a year ago

- UK exported 166,340 MT of barley in January, down from 221,695 MT in December. Top customers included Algeria (52,500 MT); Spain (36,037 MT) and Portugal (26,030 MT). Cumulative barley exports for 2015/16 climbed to 1.036 MMT compare to 818,326 MT in Jul-Jan 2014/15

SOYBEAN

- NOPA said its members crushed 146.181 million bushels of soybeans during February, which topped expectations (139.942 million bu – avg., 136.1-144.0 mln bu – range) but down 2.8% from January (150.453 mln bu) and just below a year-ago level (146.970 mln bu in Feb 2015). Soyoil stocks climbed to 1.792 billion lbs as of Feb 29 from revised figure of 1.582 a month earlier, well above last year's level of 1.322 billion lbs, and above than expected (1.599 billion lbs). Soymeal exports rose to 686,999 tons from 686,493 in January, but less than 791,532 tons a year ago

- Crushing group Abiove raised its Brazil's 2015/16 soybean crop estimate to a record 99.7 MMT, up more than 1% from last month's forecast of 98.5 MMT; upped soybean exports forecast to 55.3 MMT (54.5 MMT in February)

- Brazil's soybean harvest crossed the halfway mark last week, advancing to 52% complete compared to 50% last year

- Dr. Michael Cordonnier left his Brazilian and Argentine soybean crop forecasts unchanged this week at 100 MMT (96.2 MMT in 2014/15) and 60 MMT (60.8 MMT in 2014/15) respectively

- Dr. Michael Cordonnier left his estimate of South America's 2015/16 soybean crop at 175.3 MMT unchanged from previous estimate and vs. 171.4 MMT in 2014/15

- Germany's association of farm cooperatives forecast the country's 2016 winter rapeseed crop will rise 0.7% on the year to 5.04 MMT