- Iraq delayed the deadline in a tender to buy at least 50,000 MT of hard wheat for July-August shipment until June 14 with offers remaining valid until June 18

- June 11 - Japan seeks 117,680 MT of food wheat for July-August shipment:

  • 13,155 MT of western white US wheat
  • 18,275 MT of hard red winter US wheat
  • 48,420 MT of Canadian western red spring wheat
  • 37,830 MT of Australian standard white wheat

- USDA estimated 43% of the US winter wheat crop good to excellent as of June 7, down 1 point from the prior week and vs. 30% a year ago. Harvest of winter wheat was completed at 4% vs. 8% a year ago and 12% for the five-year average

- USDA estimated 69% spring wheat's condition good-to-excellent, lower market expectation and down from 71% a week ago and year ago

- US wheat export inspections for week, ending June 4, recorded 302,725 MT, in line with expectations

- There are concerns of dryness in Europe, France, Canada and Russia. But there are better chances of rain this week

- SovEcon raised its forecast of Russian total grain crop by 5 MMT to 99 MMT vs. 94 MMT previously and 105.3 MMT in 2014, including wheat harvest by 3 MMT to 57 MMT from 54 MMT previously and vs. 59.7 in 2014

- Russia has started grain deliveries to Iran, sending 100,000 MT

- After oil price drop, Algeria tries to boost food crops

- CME to change grain sessions when open-outcry futures pits close