WHEAT

- Russia’s Ag Min said Russia exported 28.2 MMT of grain between July 1-Dec 27, 2018/19, up 5.1% from 26.9 MMT a year ago, including:

  • wheat – 23.8 MMT (up 13.7% from year ago);
  • barley – 3 MMT (down by 15.2%);
  • corn – 1.1 MMT (down by 48.8%)

- Russia has 3,005,700 MT of grain in its federal intervention fund as of Dec 28 vs. 3,966,900 MT year ago

- Russian grain stocks were at 42.4 MMT as of Dec 1, 2018, down 19.4% from a year earlier (52.6 MMT as of Dec 1, 2017). The data does not include grain stored at small farms

- Crimea has exported around 40,000 MT of grain to Syria in 2018 and is preparing to send more soon

- Morocco will suspend the customs duty on soft wheat for four more months until April 30, 2019, to maintain price stability and ensure regular supply

CORN

- Dec 27 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin feed barley

- India has extended restrictions on imports of peas until end-March 2019, the government said in a notification on Friday, Dec 28

SOYBEAN

- In the current 2018 marketing year, Pakistan has bought 1.72 MMT of US soybeans so far, compared to just 630 TMT in the entire 2017 marketing year

- India is likely to cut import tax on palm oil in line with New Delhi's trade agreements with Southeast Asian countries. Earlier this year, India raised the import tax on crude palm oil to 44% from 30% and lifted the tax on refined palm oil to 54% from 40%