- June 25 - Japan seeks 114,510 MT of food wheat for July-August shipment:

  • 23,650 MT of western white US wheat
  • 36,410 MT of hard red winter US wheat
  • 27,320 MT of dark northern spring US wheat
  • 27,130 MT of Canadian western red spring wheat

- Ethiopia bought 240,000 MT of wheat from optional origins, likely from Black Sea region, at 220.88 $/c&f for July-September shipment. Negotiations were continuing and further purchases (up to 160,000 MT) were possible. The tender had closed on June 5 with offers having to remain valid for 15 days

- USDA estimated 41% of the US winter wheat crop good to excellent as of June 21, fell 2 points from the prior week and vs. 30% a year ago. Harvest of winter wheat was completed at 19% vs. 31% a year ago and 31% for the five-year average

- USDA estimated 71% spring wheat's condition good-to-excellent, up 1 point from the prior week (70%) and vs. 71% year ago

- US wheat export inspections for week, ending June 18, recorded 290,275 MT, below expectations (300-400 TMT)

- Egypt is studying a proposal put forward by some Russian grain exporters to pay for Russian wheat in roubles

- MARS lowered its forecast for the soft wheat yield in this year's EU harvest to 5.85 MT per hectare (mt/ha) from 5.93 mt/ha estimated last month, down 4.7% from a year ago, citing adverse weather. However, this is still 3.3% above the five-year average

- India's June 1-22 monsoon rains 16% above normal level despite late start

- June 23 - Russia bought 33.345 MT of intervention grain (wheat and rye). Making the total bought since Sept 30 at 1.134 MMT, including wheat – 926,640 MT, barley – 113,650 MT and rye – 94,095 MT

- Russian Ag Minister cut new crop total grain export estimate by 5 MMT to 20-25 MMT, but Russia's Agriculture Ministry kept its 2015/16 grain export forecast unchanged at 25-30 MMT provided the crop reaches 100 MMT