- USDA said US corn stocks as of June 1 stood at 4.447 billion bushels (BB), the highest for that time of year since 1988 and vs.3.852 BB last year, but below average trade expectations of 4.555 BB (range 4.419-4.7 BB). Quarterly (Mar-May) corn usage 4% above year-ago

- USDA forecast 88.897 million acres (MA) of corn has been planted, below average trade estimates of 89.292 MA (range 88.45-91.742 MA), March estimate of 89.199 million and last year's 90.597 MA. USDA estimated harvested acres at 81.101 MA vs. 83.136 MA in 2014

- USDA said the US corn crop condition was rated 68% good to excellent as of June 28 vs. 71% last week and vs. 75% a year ago, below market expectations

- Dr. Michael Cordonnier lowered his US corn crop yield projection by 1 bu to 165.0 bu per acre and forecasts crop at 13.43 billion bushels (14.21 BB in 2014)

- US corn export inspections for week, ending June 25, reported 1.041 MMT, above the range of analysts' expectations (800-1000 TMT)

- EU Commission raised its 2015 EU corn crop estimate by 300,000 MT to 68.4 MMT, but it is still well below a record 77.8 MMT in 2014

- DBV estimated Germany's 2015 corn crop at 4.77 MMT down 7.2% from a year ago

- Safras increased its estimate of Brazilian safrinha (second) corn production to 55.7 MMT from 52.8 MMT last month, with harvest yields so far on safrinha better than expected

- Chinese corn acreage will likely drop in 2016 as the country needs to draw down hefty stockpiles of the grain. Therefore, China plans to encourage the production of soybean, other grains, corn for silage and forage grass instead of corn

- CEC lowered its estimate of S.Africa's 2015 corn crop to 9.755 MMT from previous forecast of 9.84 MMT and vs. 14.25 MMT in 2014 but its above average market expectation of 9.57 MMT

- Stats Canada estimates Canada's 2015 corn plantings at 3.25 million acres up 5.7% from 2014 and vs. April estimate of 3.27 mln

- StatsCan acreage estimate for barley 6.5 mln acres compared to the average trade guess of 6.6 mln acres and 6.5 mln acres for the April estimate and 5.9 mln in 2014; oats area at 3.4 mln acres vs. the average guess of 3.4 mln acres and 3.5 mln acres in April and 2.8 mln in 2014

- EU Commission cut its 2015 EU barley crop estimate by 1.4 MMT to 58.1 MMT and below last year's 60.2 MMT

- Ukrainian farmers harvested 0.57 MMT of all grains (incl. 0.54 MMT of barley), down from 2.47 MMT a year ago as of June 30. Yields were at 3.04 mt/ha, up from 2.78 mt/ha a year ago

- USDA pegged US sorghum plantings at 8.8 million acres (MA), above of March estimate for 7.9 MA and average market expectations of 8.3 MA and well above 7.1 MA in 2014

- USDA pegged US oat plantings at 3.06 million acres (MA), above average market expectations of 2.89 MA and 2.72 MA in 2014

- Argentine 2015/16 sorghum production may increase by 23% on year to 4 MMT following export approval from China. Harvest of this year's 2014/15 crop is still underway and estimated to reach 3.25 MMT of which 261,000 MT have been exported so far. In 2013/14 country exported 1.7 MMT of sorghum

- CEC estimated S.Africa's 2015 sorghum crop at 114,700 MT vs. previous forecast of 125,400 MT and vs. 265,000 MT in 2014