- China's corn imports surged fivefold in May as overseas prices slid. Inbound shipments of corn rose 410% from a year earlier to about 400 TMT, the highest since February. Imports during Jan-May 2015 totaled 1.78 MMT

- USDA said the US corn crop condition was rated 71% good to excellent as of June 21 vs. 73% last week and vs. 74% a year ago, below market expectations

- US corn export inspections for week, ending June 18, reported 1.105 MMT, above the range of analysts' expectations (800-1000 TMT)

- Brazil increased a tariff on imported ethanol to 11.75% on Monday, in a move expected to benefit local cane mills and put further pressure on shipments of U.S. ethanol, which account for the bulk of imports to Brazil

- MARS left its EU grain maize yield forecast unchanged at 7.22 mt/ha, which would be down nearly 11% from a record crop last season but still 2.6% above the 5-year average

- MARS estimates EU new crop barley (winter and spring) yield at 4.65 mt/ha against 4.75 mt/ha estimated last month

- First winter barley harvests, which started last week in western France, showed good quantity and quality

- First winter barley's harvest started in Romania, in Ukraine and in Russia and results are in line with expectations, good in Romania and average in Ukraine and Russia