U.S. Cash Grains-Corn bids ease at processors, flat at elevators

CHICAGO, March 23 (Reuters) - Spot basis bids for corn were
steady to weak at processors around the interior U.S. Midwest on
Wednesday, pressured by light demand from end users, grain
dealers said.
* The basis declines at corn processors came despite slow
country movement of the grain in recent weeks.
* Corn bids held steady at grain elevators.
* Soybean bids were mostly unchanged at interior processors
and elevators.
* Dealers had booked large sales of soybeans earlier this

ICE Canada canola falls on profit-taking after one-month high

(All figures in Canadian dollars unless noted)
March 23 (Reuters) - ICE Canada canola futures fell on
Wednesday on technical selling and profit-taking a day after the
May contract set a one-month high, traders said.
* Farmer selling slowed after a flurry of movement on
Tuesday, they said.
* A setback in the Canadian dollar lent underlying
support to prices, although the currency's strength since
mid-January has been a drag on export demand for canola.
* Most-active May canola settled down $3.50 at

Weekly world market rice prices - USDA

March 23 (Reuters) - The U.S. Agriculture Department's Commodity Credit Corporation said in its weekly world market prices for rough rice, that prices increased by $0.10 per cwt for long grain, and by $0.11 per cwt for medium/short grain, from the previous announcement.

The data is adjusted for U.S. milling yields and location, and the resulting marketing loan gain (MLG) and loan deficiency payment (LDP) rates applicable to the 2015 crop.

The next rice report is expected to be released on Wednesday, March 30.

TABLE-Funds sell 6,000 CBOT corn contracts

CHICAGO, March 23 (Reuters) - Commodity funds sold an
estimated net 6,000 Chicago Board of Trade corn contracts on
Wednesday, trade sources said.
The funds were also net sellers of 5,000
soybean and 4,000 soyoil contracts, they said.

Corn Soybeans Wheat Soymeal Soyoil

CBOT wheat ends lower, following broad weakness in commodities

CHICAGO, March 23 (Reuters) - Wheat futures on the Chicago
Board of Trade <0#W:> fell on Wednesday, following broad
weakness in commodities as the dollar firmed for a fourth
straight day, making U.S. grain less attractive on the world
market.
* The focus of the wheat market was also shifting back to
record-large global inventories, following a freeze last weekend
that threatened crops in the southern U.S. Plains winter wheat
belt.
* CBOT May wheat fell below chart support at its 20-

UPDATE 1-Egypt's GASC says seeks wheat for April 25-May 5 shipment

(Adds tender details, previous purchase)

ABU DHABI, March 23 (Reuters) - Egypt's General Authority
for Supply Commodities (GASC) set a tender on Wednesday to buy
an unspecified amount of wheat from global suppliers for
shipment from April 25-May 5.

Mamdouh Abdel Fattah, vice chairman of GASC, said the
authority is seeking to buy cargoes of soft and/or milling wheat
from the United States, Canada, Australia, France, Germany,
Poland, Argentina, Russia, Kazakhstan, Ukraine and Romania.

Egypt's GASC says seeks wheat for April 25-May 5 shipment

ABU DHABI, March 23 (Reuters) - Egypt's General Authority
for Supply Commodities (GASC) set a tender on Wednesday to buy
an unspecified amount of wheat from global suppliers for
shipment from April 25-May 5.

Mamdouh Abdel Fattah, vice chairman of GASC, said the
authority is seeking to buy cargoes of soft and/or milling wheat
from the United States, Canada, Australia, France, Germany,
Poland, Argentina, Russia, Kazakhstan, Ukraine and Romania.

UPDATE 1-Argentina expects record 2015/16 corn crop of 37 mln tonnes

(Adds data, corn market background)

By Hugh Bronstein and Maximilian Heath

BUENOS AIRES, March 23 (Reuters) - Argentina will harvest a
record 37 million tonnes of corn this season, the government
said on Wednesday, after a surge in late planting spurred by the
lowering of export barriers by President Mauricio Macri.

TABLE-U.S. cash soyoil - March 23

CHICAGO, March 23 (Reuters) - Spot U.S. crude soyoil prices,
FOB track, cents per lb, versus CBOT futures as indicated;
processor/merchant offers:
Location Cents/lb Basis Change
Central Illinois -1.25 to -1.75 +K unc
<SOY-CTILL-US>
Western Corn Belt -1.75 to -2.50 +K unc
<SOY-WCBLT-US>
U.S. NOLA +0.50 +K unc
<SOY-USGNL-US>

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