- Yesterday, commodity funds in Chicago were net buyers of  corn (+4,000) and net sellers of soybeans (-6,500)  and wheat (-9,500).

- According to AgRural, the soybean harvesting campaign in Brazil is very slow-paced - only 1.9% of the area has been harvested so far, which is the lowest level in 10 years.

- According to the schedule for loading ships in Brazilian ports, 8 million tons of soybeans should be exported from the country in February. Given the delay in the soybean harvesting, soybean supplies to ports will not be sufficient to meet the schedule. In Feb 2020, exports were 4.8 million tons - well below the expectations of 8.5 million tons.

- The authorities in India have increased the import tax on unrefined palm oil from 30.25% to 35.75%. Import taxes soybean and sunseed oil remain at 35%. This will definitely lead to a change in the oil imports to India.

- Egypt has postponed a tender for the purchase of 30,000 tons of soyoil and 10,000 tons of sunseed oil with delivery in March.

- The Malaysian government expects that palm oil exports from the country will reach 19.7 million tons in 2021 (+560,000 tons compared to 2020). The growth is caused by the entry into maturity stage of a large number of new palm plantations.

- In January, exports of palm oil from Malaysia decreased to 1,089 million tons from 1.7 million tons in Dec 2020.