- May 13 - Tunisia seeks up to 168,000 MT of optional origin soft wheat and 168,000 MT of optional origin durum wheat

- May 13 - Japan received no offers for 120,000 tons of feed wheat and 200,000 tons of feed barley in a simultaneous buy and sell (SBS) auction. New SBS tender for the same amounts for each grain will be held on May 20

- May 12 - Korea's Nofi bought 20,000 MT of optional origin feed wheat at 207 $/mt, c&f for Aug shipment

- Conab forecasts Brazil's new crop wheat production at 7.05 MMT, up from the old crop production of 5.97 MMT

- French Farm Ministry estimates soft wheat area at 5.2 mln hectares up 3% from last year

- France AgriMer estimates France's 2014/15 soft wheat ending stocks at 3.59 MMT vs. previous estimate of 3.58 MMT and vs. 2.35 MMT in 2013/14

- May 13 - Russia bought 29,565 MT of intervention grain (wheat). Making the total bought since Sept 30 at 849,805 MT, including wheat – 642,87 MT, barley – 113,650 MT and rye – 93,285 MT

- Kazakhstan's grain stocks as of May 1, 2015 accounted 8.982 MMT, including 6.261 MMT of milling wheat

- Western Canada farmers set fastest planting pace in a decade

- India's junior agriculture minister estimated the nation's wheat production could decline by 4% this year

- USDA projected global wheat production to reach 718.9 MMT, down 1% from the 2014/15 record, but still above consumption for the third straight year

- USDA raised 2014/15 world wheat inventories to 200.97 MMT from April estimate of 197.21 MMT and vs. average expectation of 196.67 MMT. Stocks are expected to rise further to 203.32 MMT in 2015/16 vs. average expectation of 193.53 MMT

- USDA estimated US all wheat production at 2.087 billion bushels, up slightly from 2.026 billion bushels in 2014/15:

USDA Winter Wheat Production (in billion bushels)

2015/16

Averageestimate

Rangeestimates

2014/15

2013/14

All Wheat

2.087

2.096

2.003-2.178

2.026

2.135

All Winter Wheat

1.472

1.470

1.388-1.526

1.378

1.586

Hard Red Winter

0.853

0.845

0.735-0.925

0.738

0.747

Soft Red Winter

0.416

0.420

0.380-0.480

0.455

0.568

White Winter Wheat

0.203

0.205

0.175-0.300

0.184

0.271

- USDA pegged US wheat ending stocks for the 2014/15 crop year at 709 million bushels (684 MB in April and 693 MB – average trade estimates) and projected the 2015/16 carryout at 793 million bushels (750 MB – average trade estimates)