WHEAT

- Mar 24 - Egypt's GASC seeks an unspecified amount of wheat from global suppliers for Apr 25-May 5 shipment. They have got offers, $/mt fob:

  • Soufflet: 60,000 MT of French wheat at $179.44;
  • Venus: 55,000 MT of Ukraine wheat at $184.16;
  • Ameropa: 60,000 MT of Romanian wheat at $185.14;
  • ADM: 60,000 MT of Russian wheat at $187.45; 60,000 MT of Romanian wheat at $188.45;
  • Cerealcom Dolj: 60,000 MT of Romanian wheat at $187.50;
  • Union Co.: 60,000 MT of Russian wheat at $189.90

- Mar 24 - Japan bought 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

- Weekly US wheat export sales data for week ended March 17 of 487,700 MT, incl. 368,900 MT for 2015/16, were within trade expectations (225-600 TMT). Total current marketing-year US wheat export sales are 17% behind the same point last year

- EU in week ended March 22 granted licenses to export 1055 TMT of soft wheat, bringing the total this season to 21.186 MMT vs. 23.702 MMT a year ago

- Brazil imported 79,000 MT of wheat from Paraguay in February

- SovEcon expects Russia to become the world's second largest wheat exporter in 2015/16. SovEcon expects total grain shipments to climb to 33-33.5 MMT this marketing year, including 23-23.5 MMT of wheat

- Lanworth expects US's 2016 wheat production at 56.7 MMT

- Lanworth predicts India's 2016 wheat production at 86.2 MMT

CORN

- Mar 23 - Taiwan purchased 65,000 MT of US corn for June

- Weekly US corn export sales data for week ended Mar 17 of 903,100 MT, incl. 803,200 MT for 2015/16, were at a low end of trade forecasts ranging from 900 to 1300 TMT. Total current marketing-year US corn export sales are 17% behind the same point last year

- EU in week ended Mar 22 awarded 162 TMT of corn (maize) import certificates, taking the volume so far this season to 10.298 MMT vs. 6.713 MMT a year ago

- EU in week ended Mar 22 granted licenses to export 35 TMT of corn, bringing the total this season to 1.175 MMT vs. 2.235 MMT a year ago

- EU in week ended Mar 22 granted licenses to export 394 TMT of barley, bringing the total this season to 7.937 MMT vs. 6.537 MMT a year ago

- Buenos Aires Grain Exchange maintains its 2015/16 Argentine corn crop estimate at 25 MMT (28.2 MMT in 2014/15). Harvesting of Argentine corn crop was 7.2% completed as of Mar 23, slightly behind of last year's pace of 7.5%

- Argentina's Ag Min expects the country to harvest a record 37 MMT of corn this season vs. 33.8 MMT in 2014/15, incl. corn for fodder

- Southern Brazil is looking to import some corn from Argentina after strong demand for corn exports left Brazil with regional shortages. One Parana-based trader said around 250,000 MT of Argentine corn had been purchased for delivery to southern ports between April and May 15, when Brazil's second of two annual corn harvests begins

- Lanworth forecasts 2016/17 Chinese corn production at 220 MMT, down 5 MMT from 2015/16

- US Ethanol production for the week ended Mar 18 decreased by 4,000 barrels to 995,000 barrels per day, it is up 4.4% from last year's level of 953,000 bpd. Meanwhile stocks fell by 334,000 barrels to 22.519 million barrels, up 5.6% vs. 21.594 million barrels a year ago

- USDA regulators clear two GM corn traits from Monsanto (MON87419) and Syngenta (MZIR098). It can now be planted without permits or any additional regulatory oversight from the agency

- Buenos Aires Grain Exchange forecasts 2015/16 Argentine sorghum crop at 3.6 MMT, up 100,000 MT from 2014/15 crop (3.5 MMT). Harvesting of Argentine sorghum was 8% completed as of Mar 23, behind of last year's pace of 8.4%

SOYBEAN

- Weekly US soybean export sales data for week ended Mar 17 of 440,100 MT, incl. 410,800 MT for 2015/16, were below the trade expectations ranging from 475,000 to 900,000 MT. Total current marketing-year US soybean export sales are 10% behind the same point last year

- Argentina's Ag Min forecasts a 60.9 MMT 2015/16 soy harvest

- Buenos Aires Grain Exchange maintains its forecast for 2015/16 Argentine soybean crop at 58 MMT (60.8 MMT in 2014/15). Harvesting of Argentine soy crop was 1% completed as of Mar 23, behind of last year's pace of 3.9%

- Buenos Aires Grain Exchange maintains its forecast for 2015/16 Argentine sunflower crop at 2.45 MMT, down 2% from 2014/15 crop (2.5 MMT). Harvesting of Argentine sunseed crop was 74.8% completed as of Mar 23, ahead of last year's pace of 73.8%

- USDA's attaché in China expects the country to import 82 MMT of soybeans in 2015/16 and 84.5 MMT in 2016/17

- Lanworth expects Malaysia's 2016 palm oil production at 19.3 MMT

- Indonesian state oil company Pertamina plans tender in April to buy palm oil for biodiesel for May-October