Overnight recap before the MATIF open:



-Algeria tendered for 125,000 tons of wheat and 50,000 tons of barley. Jordan tendered for 100,000 tons of wheat and 100,000 tons of barley. UAE is looking for wheat and barley too.


-Agriculture.com: Japan changed its delivery rules in tenders for US wheat upon experiencing shipments delays.


-Russia may export 25.5-26 million tons of grains according to Rusagotrans. China’s 2012/13 corn imports to be 8.9 MMT according to Shanghai JC.