WHEAT

- Mar 31 - South Korea's DongAOne, Korea Flour Mills, Samyang Corp and Daesun Flour Mills are seeking a total of 33,000 MT of US wheat for shipment between July and August:

  • 10,400 MT of western/soft white, max. 10.5% protein
  • 2,000 MT of western/soft white, max. 8.5% protein
  • 9,500 MT of hard red winter, min. 11.5% protein
  • 11,100 MT of dark/northern spring, min. 14.0% protein

- Egypt's GASC will add Bulgaria to the list of potential suppliers of wheat starting with its next import tender

- Mar 30 - Argentina grants export licenses for 60,000 MT of wheat

- Russia's Ag Min has kept wheat prices unchanged for its restocking programme in the 2016/17 marketing year, which starts on July 1

CORN

- Mar 30 - Argentina grants export licenses for 439,000 MT of corn

- Brazil's government on Wednesday announced it would sell public stocks and proposed dropping import taxes for the grain. Brazil's Agriculture Minister proposed ending some import taxes on corn shipments to favor import deals and reduce current shortages of the cereal in parts of the country

- Poultry and pork industry group ABPA says Brazilian buyers have booked 500,000 MT of corn from Argentina and Paraguay for delivery in April and May

- South Africa's Crop Estimates Committee (CEC) released its third forecast of domestic corn production for the 2016 crop. CEC decreased its estimate of corn output this year to 7.065 MMT from 7.256 MMT previously. It would be 29% less than last year (9.955 MMT in 2015) and the smallest crop since 2007, but above average market expectations (6.77 MMT)

- CEC cut its forecast of S. Africa's 2016 sorghum crop to 92,700 MT from previous forecast of 93,400 MT (120,500 MT in 2015)

- US Ethanol production for the week ended Mar 25 decline by 3,000 barrels to 992,000 barrels per day, it is up 4.2% from last year's level of 952,000 bpd. Meanwhile stocks climbed by 503,000 barrels to 23.022 million barrels, up 12% vs. 20.547 million barrels a year ago

SOYBEAN

- Mar 30 - Argentina grants export licenses for 118,562 MT of soybean oil

- CEC lowered its forecast of S. Africa's 2016 soybean crop to 691,750 MT from 724,600 MT previously and down 35.4% from 1.07 MMT in 2015

- CEC raised its S. Africa's 2016 sunflower crop forecast to 710,500 MT from 687,150 MT previously, now up 7.2% from 663,000 MT in 2015

- Surveyor SGS estimated Malaysia's Mar 1-31 palm oil exports at 1,167,775 MT up 22.2% from a month ago

- Surveyor Intertek Testing Services estimated Malaysia's Mar 1-31 palm oil exports at 1,174,852 MT up 24.6% from a month ago