WHEAT

- Dec 15 - Ethiopia seeks 70,000 MT of optional origin milling wheat

- Dec 9 - Saudi Arabia seeks 715,000 MT of hard wheat, 12.5% protein, in 12 consignments for Feb-Apr shipment

- Dec 8 - India scrapped its 10% import duty on wheat with immediate effect with no end date. India may import as much as 5 MMT of wheat this fiscal year ending March 31, the highest level in decade

- Dec 7 - Argentina grants export licenses for 62,483 MT of milling wheat

- FAO raised its 2016 global wheat production estimate to a record 749.3 MMT, up by 2.6 MMT from the November figure and vs. 735.1 MMT in 2015, reflecting improved yield prospects for Iran and Kazakhstan. Forecast of the 2016/17 world wheat inventories was upped to a record 238.5 MMT, 3.3 MMT more than reported in Nov and 12 MMT (5.3%) above last season

- Rosselkhoznadzor said that 18,000 MT of Russian wheat, seized by Egypt at an Alexandria port in November, had passed quarantine checks successfully in July after arrival July 15

- Weekly US wheat export sales data for week ended Dec 1 totalled 527,200 MT, incl. 503,100 MT for 2016/17 (topped the trade expectations for 300-500 TMT). Export commitments for 2016/17 are running 32% ahead of year-ago

- According to TAXUD, the EU this season in period of Jul 1-Dec 6, 2016/17 exported 10.473 MMT of soft wheat compared to 10.046 MMT a year ago

- French soft wheat exports outside the EU fell sharply in October, to the lowest level for the month in nine years. France shipped about 685 TMT of soft wheat abroad in October, fourth month of the 2016/17 marketing season, less than the 737 TMT exported in September. France exported 293 TMT of soft wheat outside the EU in October (incl. 206 TMT to Algeria), with Jul-Oct 2016/17 France's soft wheat shipments outside the EU at 1.829 MMT, down 32% on the year-earlier period. Total French soft wheat exports, including shipments within the EU, so far this season were down 31% at 3.417 MMT (4.919 MMT in Jul-Oct 2015/16)

- France imported 192 TMT of wheat in October, up from 106 TMT in September, including 132 TMT from Bulgaria. French Jul-Oct 2016/17 wheat imports totalled 435 TMT, up 103% on the year-earlier period

- Chinese wheat production decreased to 128.9 MMT in 2016 from 130.2 MMT a year ago

- Conab raised its Brazil's 2016 wheat crop estimate from 6.301 to 6.697 MMT (5.535 MMT in 2015)

- A second attempt to auction Ukraine's state-owned Odessa Portside Plant failed to attract any bids

CORN

- Dec 8 - USDA announced export sales of 332,000 MT of optional-origin corn for delivery to South Korea during 2016/17

- Dec 7 - Argentina grants export licenses for 17,500 MT of malt

- FAO raised its 2016 global coarse grain production estimate by 3 MMT to 1,329.2 MMT (1,306.4 MMT in 2015), also upped inventories to 261.1 MMT, 3.9 MMT more than reported in Nov but 2.4 MMT less than last season. World production of maize in 2016 is currently forecast at 1,027.4 MMT, 2.9 MMT more than anticipated in November and vs. 1,006 MMT in 2015, due to a yield-driven upward revision to the US's output to a new record level

- Weekly US corn export sales data for week ended Dec 1 of 1,496,400 MT, incl. 1,495,400 MT for 2016/17 (well above a range of trade expectations for 0.7-1.0 MMT). Export commitments for 2016/17 are running 74% ahead of year-ago

- EU this season in period of Jul 1-Dec 6, 2016/17 imported 3.95 MMT of corn (maize) vs. 4.763 MMT a year ago

- EU this season in period of Jul 1-Dec 6, 2016/17 exported 1.159 MMT of corn vs. 859 TMT a year ago

- EU this season in period of Jul 1-Dec 6, 2016/17 exported only 1.759 MMT of barley vs. 5.259 MMT a year ago

- EU this season in period of Jul 1-Dec 6, 2016/17 exported 1.233 MMT of malt in barley equivalent vs. 1.395 MMT a year ago

- France exported only 9 TMT of barley outside the EU in October. A further 174 TMT were exported within the EU in October, bringing total French barley exports in the first four months of the season to 1.456 MMT (incl. 634 TMT to non-EU), down 54% on the year-earlier period (3.194 MMT, incl. 2.33 MMT to non-EU in Jul-Oct 2015/16)

- French maize exports in Jul-Oct, which are mostly within the EU, declined by 17% to 1.786 MT (2.158 MMT in Jul-Oct 2015)

- Conab forecasts Brazil's 2016/17 corn crop at 83.818 MMT (83.14-84.63 MMT previous estimate), sharply higher than 66.571 MMT last season with second crop at 56.08 MMT (40.72 MMT in 2015/16). Conab expects Brazil to export 24 MMT of corn (18.0 MMT in 2015/16). Ending stocks are forecasted to recover to 12.202 MMT from 7.984 MT in 2015/16

- Chinese corn crop fell to 219.6 MMT in 2016 from 224.6 MMT a year ago

- CNGOIC (China National Grains and Oils Information Center) cut its estimate for corn consumption for the season 2016/17 to 197 MMT, down from its previous forecast of 199 MMT, but still up 20.5% year-on-year

- CNGOIC raised its China's 2016/17 sorghum import estimate by a 1 MMT to 4.5 MMT

- US Ethanol production for the week ended Dec 2 rose by 11,000 barrels to 1,023,000 barrels per day, up 3% from last year's level of 993,000 bpd. Stocks rose by 82,000 barrels from the week prior to 18.53 million barrels, down 6.6% vs. 19.829 million barrels a year ago

SOYBEAN

- Dec 8 - USDA announced export sales of 136,000 MT of US soybeans for delivery to unknown destinations during 2016/17

- Dec 8 - USDA announced export sales of 20,000 MT of US soybean oil for delivery to South Korea during 2016/17

- Dec 7 - Argentina grants export licenses for 66,900 MT of soymeal and 12,077 MT of soybean oil

- Dec 7 - Argentina grants export licenses for 8,000 MT of sunflower meal

- Iraq has not yet made a purchase in an international tender to buy at least 10,000 MT of sunflower oil. The tender had closed on Nov 20, with offers remaining valid until Nov 24. Offered prices were around 1,130-1,150 $/mt c&f

- Weekly US soybean export sales data for week ended Dec 1 of 1,467,700 MT, incl. 1,461,700 MT for 2016/17 (topped the high end of a range of trade estimates of 1.0-1.3 MMT). Export commitments for 2016/17 are running 27% ahead of year-ago

- Conab forecasts Brazil's 2016/17 soy output at 102.447 MMT, slightly down from previous forecast of 102.555 MMT but above than 95.435 MMT last year. Conab lowered its forecast of Brazilian soybean exports in 2016/17 to 56.5 MMT from 57 MMT in Nov (51.3 MMT in 2015/16). Ending stocks are forecasted to recover to 2.607 MMT from 1.86 MMT in 2015/16

- AgRural said Brazilian farmers have sold 34% of the 2016/17 soybean crop, which will start to be harvested around January, compared to 44% sold at this time last year and an average 40% sold in the past five years

- USDA attaché maintained its forecast for Argentine soybean production at 55 MMT in 2016/17 (56.8 MMT in 2015/16) but lowered soybean crush forecast by 2.5 MMT to 41 MMT (41.6 MMT in 2015/16)

- USDA attaché maintains its forecast for Brazil soybean production at 101 MMT in 2016/17 (95.5 MMT in 2015/16) and soybean exports at 57 MMT (52 MMT in 2015/16)

- China imported 7.84 MMT of soybeans in November, the highest in nearly a year, up 50.5% from October and 6% higher year-on-year. Imports for the first 11 months of 2016 stood at 74.2 MMT versus 72.6 MMT a year ago

- China's imports of all vegetable oils in November was 510,000 MT compared to 310,000 MT in October

- China's sunflower oil imports climbed to 750 TMT in January-October period, up 44.5% from a year-ago level