WHEAT

- Apr 7 - Qatar seeks to buy 40,000 MT of hard milling wheat for July shipment

- Mar 22 - Israeli group seeks 35,000 MT of optional origin feed wheat for May-June shipment

- Mar 24 - Japan seeks 126,190 MT of food wheat for Apr 21-May 20 shipment:

  • 13,500 MT of western white US wheat;
  • 20,385 MT of hard red winter US wheat;
  • 26,755 MT of Canadian western red spring wheat;
  • 65,550 MT of Australian standard white wheat for July shipment

- US wheat export inspections for week, ending March 17, recorded 467,658 MT, topped the market forecasts (300-450 TMT). Inspections for 2015/16 are running 12.5% behind year-ago

- Wheat has been drawing support as extreme cold weather threatens to curb yields in parts of the Southern US Plains. FC Stone said that as much as 20% of the wheat crop was significantly damaged by freezing temperatures over the weekend in southwestern Kansas and western Oklahoma

- China's February wheat imports down 19% on year to 106,056 MT. Meanwhile China's Jan-Feb wheat imports rose 70% on year to 347,484 MT

- MARS forecasts that average soft wheat yield in the EU would fall 4.8% this year to 5.96 mt/ha from 6.26 mt/ha in 2015 but this would be 2.3% above the five-year mean

- Ukraine's Ag Min reports that 96% (or 6.8 mln ha) of Ukraine's winter grain crop had sprouted as of March 17 vs. 93% (or 6.6 mln ha) a week ago and 99% (or 7.9 mln ha) a year ago. About 72% of emerged crops were in good to satisfactory condition, up 2% points from prior week, but down from 84% last year

- India is likely to extend a wheat import tax beyond March, probably until September. India imposed an import tax of 10% in August last year, and then in October raised it to 25%, which expires on March 31. On March 1, wheat stocks at government warehouses totalled 16.9 MMT against a minimum requirement of 13.80 MMT

- Philippines' unmilled rice output in the March quarter is estimated at 4.07 MMT, 1.9% below a previous forecast of 4.15 MMT and 6.8% lower than the volume in the same period last year

CORN

- Mar 23 - Taiwan's MFIG seeks to buy up to 65,000 MT of corn from the US, Brazil or Argentina for June shipment

- Mar 22 - Israeli group seeks 65,000 MT of optional origin corn for May-June shipment

- Pakistan purchased around 45,000 MT of DDGs from the US at around 215 $/mt c&f for March-April shipment

- US corn export inspections for week, ending Mar 17, reported 1,013,668 MT, topped the market expectations (750-950 TMT). Inspections for 2015/16 are running 18.3% behind year-ago

- China imported 62,273 MT of corn in February, down nearly 90% from year-ago levels. Ukraine accounted for 84% of the shipments. So far this year (Jan-Feb), China has imported just 70,259 MT of corn, down 94% from the year prior

- China's ethanol imports of 44,748 cubic meters in February were up sharply from year-ago levels, with the US accounting for nearly all of the business. During the first two months of the year, China imported 91,741 cubic meters of ethanol

- China imported 180,837 MT of distillers' dried grains (DDGS) in February, down 37.8% from January, but up 125.3% from a year-ago. China's Jan-Feb DDGs imports rose 219% on year to 473,490 MT

- Philippines' corn output in the first quarter is estimated at 2.11 MMT, 4.8% lower than a previous forecast and down 11% versus the year-ago harvest

- MARS forecasts that average corn yield in the 28-country bloc would jump 10.9% to 7.12 mt/ha from 6.42 mt/ha in 2015 and 3.2% above the five-year average (6.9 mt/ha)

- MARS expects EU's barley (winter and spring) yield at 4.87 mt/ha, down 2.9% from 2015 (5.02 mt/ha), but 3.3% above the five-year average (4.72 mt/ha)

- Ukrainian farmers have sown 671,000 ha of early spring grain or 26% of the initial area as of March 21 vs. 401,000 ha (or 16%) as of Mar 20, 2015. Ukraine's Ag Min estimates spring barley planting 26% (or 521,000 ha) done

- Russian Ag Min estimated spring planting 1.4% (or 746,300 ha) done as of Mar 21 vs. 559,400 ha a year ago. Of the total Russian farmers planted 563,500 ha of spring grain or 1.8% of planned area

SOYBEAN

- US soybean export inspections for week, ending Mar 17, reported 575,087 MT, matched trade forecasts that ranged from 450,000 to 700,000 MT. Inspections for the 2015/16 marketing year are running 6.4% behind year-ago

- AgRural reports Brazilian soybean harvest is now 61% done vs. the 5-year average of 57%

- China imported 4.5 MMT of soybeans in February, plus 500 TMT of rapeseed

- China's February palm oil imports up 7.8% on year to 268,362 MT. China's Jan-Feb palm oil imports rose 5.7% on year to 750,469 MT

- China's February soy oil imports up sharply from year-ago levels to 78,747 MT. China's Jan-Feb soy oil imports double on year to 92,934 MT

- MARS expects EU's rapeseed yield at 3.31 mt/ha, down 1.4% from 2015 (3.35 mt/ha), but 3.2% above the five-year average (3.2 mt/ha)

- MARS forecasts the EU's 2016 average sunflower yield at 1.95 mt/ha. This is up 12% from 2015 (1.74 mt/ha) and 2.7% above the five-year mean (1.9 mt/ha)