Overnight recap before the MATIF open:


-Bangladesh bought 50,000 tons of wheat at $303.90/ton from Indian company LMJ International. South Africa will export 400,000 tons of corn to Mexico. 


-China to auction 300,000 tons of soybeans and 300,000 of wheat from reserves on March 27th and March 28th. Pakistani Agriculture Storage and Services Corporation has been allowed by government to release 450,000 of wheat for export. Pakistan also allowed more than 100,000 tons of wheat to be imported from India, local papers reported.


-There's a talk now that China grain output numbers may have been overstated according to a Bloomberg article.