- Yesterday, commodity funds in Chicago were net buyers of 1,500 contracts of corn and 4,500 contracts of soybeans and net sellers of 5,500 contracts of wheat.

- Anec lowered its forecast for soybean exports from Brazil in March to 16.18 million tons from 16.4 million tons earlier this month. Corn exports are estimated at 115,000 tons in March 2021 compared to 150,900 tons in March 2020.

- In 2020, imports of French wheat to China reached a record 2.5 million tons. However, China has set conditions for the supply of better quality wheat in order to continue trade relations in the sector. As a result, wheat price in Paris fell yesterday.

- In the period of January-February, vegoils production reached 1.596 million tons in Russia, which is 8% less than the previous year. The production of unrefined sunseed oil was 1 million tons (-7%) and 308,000 tons (-21%) of refined .

- ICAR has raised its forecast for the wheat production in Russia in 2021 to 79.8 million tons (78). Wheat exports estimate was increased to 39.5 million tons (38.5). A week earlier, SovEcon also raised its forecast for the wheat production to 79.3 million tons.

- GAPKI forecasts that at the end of 2021 palm oil stocks in Indonesia will be 2.67 million tons compared to 4.87 million tons at the end of 2020. Export demand will reach 56 million tons (+9%) and production 49 million tons (+ 4%).

- Private Philippine importers have turned down offers to buy 155,000 tons of milled wheat due to high prices. The lowest bid price was 300 USD/ton C&F.

- In the period of November - October, palm oil imports in India are projected at 8.63 million tons, which is 12% more than in 2019/20 - 7.7 million tons. The total import of oils will be 13.75 million tons (13.64), including soyoil imports of 3.46 million tons, sunseed oil imports of 1.62 million tons and rapeseed oil imports of 44,900 tons. Palm oil production in Malaysia will be 19.35 million tons (19.14) and 48 million tons (44.9) in Indonesia .

- According to Oil World, in the period of January-February, 2.47 million tons of wheat were delivered to China compared to 0.62 million tons a year earlier. Corn imports were 4.8 million tons (0.93), sorghum imports reached 1.4 million tons (0.3) and barley imports were 1.32 million tons (0.74).

- According to CNPAMM, the corn production in Mexico will reach 24 million tons in 2021.The government expects a production of 26.9 - 27 million tons, which is 1 - 2% less than the previous year.

- Jordan has announced a tender for the purchase of 120,000 tons of feed barley.