WHEAT

- Apr 10 - Iraq seeks at least 50,000 MT of wheat from the US, Canada, Australia or Russia. The tender closes on April 10 and offers must remain valid up to April 14

- Apr 7 - Morocco's ONICL tenders to buy 360,000 MT of EU soft wheat, and 45,000 MT of EU durum under preferential tariff quota for arrival by May 31

- Mar 29 - Jordan has postponed an international tender to buy 100,000 MT of milling wheat with no purchase made. The tender is now expected to take place on April 5

- Mar 29 - Argentina grants export licenses for 195,000 MT of wheat

- Flour mills in Brazil are expected to import slightly more wheat in 2016, relying more heavily on North America as they seek a higher quality commodity. Total wheat imports are forecast at 5.5 MMT (incl. about 1 MMT from the US) in 2016, up from 5.1 MMT (incl. 451,000 MT) last year

- Mar 30 - Russia bought 21,758 MT of intervention grain (all wheat) via tender on the NTB (Moscow Exchange). Making the total bought since Aug 20 at 1,692,514 MT of Russian grain (1,654,309 MT of wheat, 17,685 MT of rye and 20,520 MT of barley). Separately Russia bought around 66,780 MT of Crimean wheat in intervention fund between Aug 19-Mar 17 via tenders on Crimean Exchange

- Rosselkhoznadzor estimated Russian grain exports between Jul 1-Mar 29, 2015/16 at 30.83 MMT (incl. 20.58 MMT of wheat) compared with 30.95 MMT (19.88 MMT) in Jul 1-Mar 31 of 2014/15

- Russian Ag Min says that Russia's 2016 grain crop may reach 104 MMT if weather conditions are favorable

- Mar 30 - Thailand sold 418,000 MT of rice from state stockpiles in its second auction of the year

- Mar 28 - South Korea's Agro-Fisheries & Food Trade Corp. purchased 44,444 MT of rice from the US and China for Sep 30 arrival:

  • 22,222 MT of Chinese rice at 869.00 $/mt
  • 16,667 MT of US rice at 679.27 $/mt
  • 5,555 MT of US rice at 651.17 $/mt

CORN

- Apr 7 - Morocco's ONICL tenders to buy 8,100 MT of EU corn and various quantities of rice, peas, beans among other items under preferential tariff quota for arrival by May 31

- Mar 24 - Morocco's ONICL bought 160,000 MT of barley from the local market. It is the fourth tender in a government plan to subsidise 800,000 MT of barley to support farmers

- Mar 29 - Argentina grants export licenses for 359,314 MT of corn and 50,500 MT of barley

- Safras&Mercado estimates Brazilian summer corn (first crop) harvest at 70% done compared to 54% a year ago

- 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

- SAGIS estimated South Africa's corn stocks as of Feb 29 were at 2.857 MMT vs. 3.246 MMT a month ago and 3.327 MMT a year ago

- SAGIS estimated S. Africa's May-Feb 2015/16 corn exports at 723,659 MT vs. 2.004 MMT a year ago

- SAGIS estimated S. Africa's May-Feb 2015/16 corn imports at 1.255 MMT vs. zero a year ago

- Grain traders worried about the risk for reduced demand from China after the government said it would scrap its corn stockpiling program

SOYBEAN

- Mar 29 - Argentina grants export licenses for 345,840 MT of soybeans

- Dr. Michael Cordonnier increased Argentine 2015/16 soybean production estimate this week by 500,000 MT to 60.5 MMT (60.8 MMT in 2014/15)

- Dr. Michael Cordonnier says around 67% of the Brazilian soybean crop has been harvested. He left its crop estimate at 100 MMT (96.2 MMT in 2014/15)

- Dr. Michael Cordonnier lifted his estimate of South America's 2015/16 soybean crop by 0.5 MMT to 175.8 MMT vs. 171.4 MMT in 2014/15

- World Trade Organization (WTO) ruled in favour of Argentina in a series of complaints the country filed with the international body, challenging punitive duties by the EU on its biodiesel imports. The WTO, however, said the EU was not violating its rules. Now, both parties will have 60 days to file an appeal on the WTO's decision

- China has delayed implementing a tougher standard on Canadian canola shipments after talks between the countries. China's new standard for foreign material in canola shipments will take effect September 1 instead of April 1. The new standard will allow no more than 1% foreign material, such as straw and other plant seeds, per shipment, compared with the current maximum of 2.5%

- GAPKI estimated Indonesia's February exports of palm oil and palm kernel oil at 2.29 MMT, up 9% from the previous month. Production of palm and kernel oil was down to 2.7 MMT in Feb from 2.99 MMT in Jan, while stocks in Indonesia fell to 3.66 MMT from 4.36 MMT a month earlier