- June 17 - Taiwan Flour Miller Association is tendering for 97,420 MT of US milling wheat for Aug-Sept shipment

- June 11 - Egypt's GASC seeks cargoes of 55,000 to 60,000 MT of optional origin wheat for July 11-20 shipment

- June 11 - Japan bought 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

- June 9 - Israel bought around 65,000 MT of optional origin feed wheat at 188-193 $/t c&f for July-Sept shipment

- French grain companies and agronomists are pushing farmers to rethink fertiliser use and choice of seed in an effort to halt a drop in wheat protein

- A wheat surplus in Pakistan is likely to mean little appetite for imports this year, although it will purchase more oilseeds due lower crop prospects

- Iran to slow wheat import after stockpile boost

- USDA estimated 2015/16 US all wheat production at 2.121 billion bushels, up slightly from 2.087 BB in May and vs. 2.026 BB in 2014/15:

USDA Winter Wheat Production (in billion bushels)

June 2015/16

Average

Range

May 2015/16

2014/15

Total Winter Wheat

1.505

1.474

1.445-1.515

1.472

1.378

Hard Red Winter Wheat

0.887

0.856

0.820-0.885

0.853

0.738

Soft Red Winter Wheat

0.414

0.414

0.398-0.426

0.416

0.455

White Winter Wheat

0.204

0.204

0.198-0.225

0.203

0.184

Other Spring Wheat & Durum

0.616

NA

NA

NA

NA

All Wheat

2.121

2.110

2.050-2.191

2.087

2.026

USDA also boosted its 2015/16 US carryover estimate to 814 million bushels from 793 MB reported in May and up from average trade estimates of 798 MB

- USDA projected global 2015/16 wheat production to reach 721.6 MMT, up by 2.6 MMT from previous estimate, but still below the 2014/15 record (726.3 MMT). It will be the second highest on record with larger crops in the EU, Russia, and Ukraine more than offsetting a drop in Argentina. Global trade is raised, driven by larger imports for Algeria, EU, and smaller increases in several other countries. Exports are raised for Russia and Ukraine but cut for Argentina. USDA trimmed its global 2015/16 wheat carryover estimate slightly to 202.4 MMT from 203.3 MMT in May, but it above last year stocks of 200.4 MMT and average trade estimates of 201.72 MMT