WHEAT

- Mar 17 - Japan bought 149,550 MT of food wheat for Apr 21-May 20 shipment:

  • 15,100 MT of western white US wheat;
  • 18,150 MT of hard red winter US wheat;
  • 30,130 MT of (dark) northern spring US wheat;
  • 24,800 MT of Canadian western red spring wheat;
  • 61,370 MT of Australian standard white wheat for June shipment

- Mar 16 - Egypt's GASC bought 240,000 MT of wheat for April 15-24 delivery:

  • 60,000 MT of French wheat from Casillo Commodities at 188.27 $/mt c&f (178.87 $/mt fob+9.4 $/mt freight)
  • 60,000 MT of French wheat from Soufflet at 188.50 $/mt c&f (178.3 $/mt fob+10.2 $/mt freight)
  • 60,000 MT of Romanian wheat from Ameropa at 188.77 $/mt c&f (183 $/mt fob+5.77 $/mt freight)
  • 60,000 MT of Ukrainian wheat from Louis Dreyfus at 189.93 $/mt c&f (180.7 $/mt fob+9.23 $/mt freight)

- Now Egypt has enough strategic wheat reserves to last until early July

- Egypt's Ag Minister said that it would allow wheat shipments to contain up to 0.05% of the fungus until the FAO expert conducts risk analysis on ergot. In contrast, the country's quarantine authority has said it will stick to a zero-tolerance policy

- USDA's attaché in Egypt expects the country to import 10.6 MMT of wheat in 2015/16 (down 900,000 MT from USDA's official projection) and 11 MMT in 2016/17

- Allendale's survey projected US 2016 all-wheat plantings at 51.769 million acres, down from 54.644 million in 2015 but more than the USDA's February forecast of 51 mln. Allendale pegs its US 2016 wheat production estimate at 1.998 billion bushels (54.38 MMT)

- Kazakhstan's grain stocks as of March 1, 2016 accounted 10.157 MMT, including 7.182 MMT of milling wheat vs. 10.852 MMT (incl. 7.758 MMT of milling wheat) a year ago

- Lebanon's Health Minister Wael Abu Faour revealed Wednesday that the majority of a batch of recently tested wheat samples were found to contain potential carcinogens, and called for a temporary ban on wheat imports. Most of the wheat sold in Lebanon is locally produced, but a large amount is imported from Russia and other countries. After conducting tests, it turned out that the American wheat was compatible with health standards. However, the Russian wheat was not. He urged the Finance Ministry to pressure the Customs Department to block wheat imports until the Health Ministry's investigation is concluded

- Japan's February grain imports up 25.5% on year to 2.247 MMT, incl. 789,590 MT from the US (-24.6%)

CORN

- Ukraine ships 50,000 MT of corn to China with more due by end of June

- Allendale said US plantings of corn would increase to 90.431 million acres from 87.999 million in 2015 and vs. USDA's February forecast of 90 mln acres. Allendale pegs its US 2016 corn crop estimate at 13.632 billion bushels (346.26 MMT)

- USDA's attaché in Egypt expects the country to import 8.25 MMT of corn in 2015/16 (up 250,000 MT from USDA's official projection) and 8.5 MMT in 2016/17

- USDA's attaché in Mexico expects the country to import 11.5 MMT of corn in 2015/16 (up 200,000 MT from USDA's official projection) and 12 MMT in 2016/17

- UN's WFP said it needs $220 mln to donate grain to Zimbabwe

- US Ethanol production for the week ended Mar 11 rose by 21,000 barrels to 999,000 barrels per day, it is up 5.5% from last year's level of 947,000 bpd. Meanwhile stocks fell by 454,000 barrels to 22.853 million barrels, up 9.8% vs. 20.82 million barrels a year ago

- US Senate on Wednesday blocked a bill that would nullify state and local efforts requiring food makers to label products made with genetically modified organisms, or GMOs, as the industry races to stop a Vermont law from taking effect July 1

- Ukrainian farmers have sown 431,200 ha of early spring grain or 17% of the initial area as of March 16 vs. 184,000 ha (or 8%) a year ago. Ukraine's Ag Min estimates spring barley planting 17% (or 336,500 ha) done

- Russian Ag Min estimated spring grain planting 1.2% done as of Mar 16. Russian farmers planted 644,300 ha of spring crops vs. 282,800 ha a year ago

SOYBEAN

- Mar 16 - USDA announced export sales of 100,000 MT of US soybeans for delivery to unknown destinations during 2015/16

- Allendale's survey projected US 2016 soybean plantings at 82.575 million acres, down from 82.650 million in 2015 but slightly more than the USDA's February forecast of 82.5 mln. Allendale pegs its US 2016 soybean crop estimate at 3.722 billion bushels (101.3 MMT)

- Agroconsult raised its Brazilian 2015/16 soybean crop forecast to 101.7 MMT from 101.6 MMT in February

- Japan's February soybean imports down 16.7% on year to 203,353 MT, incl. 169,051 MT from the US (-23.4%)

- Thailand will buy up to 100,000 MT of crude palm oil (CPO) if palm fruit prices drop below a certain level to support farmers