- Algeria tendered to buy at least 50,000 MT of milling wheat for September shipment. Tender deadline is July 1 with offers having to remain valid until July 2

- Iraq again postponed tender for 50,000 MT of wheat

- USDA said US all wheat stocks as of June 1 were 753 million bushels, above analysts forecasts for 718 mln bu (range 688-740 mln bu) and last year's 590 mln bu. Quarterly (Mar-May) wheat usage down 17% from the same period a year earlier

- USDA pegged US all wheat plantings at 56.079 million acres (MA), above of March estimate for 55.367 MA and average market expectations of 55.867 MA (range 55.1-57.2 MA), but below last year's 56.822 MA. USDA raised spring wheat acres from its March estimate of 12.969 to 13.505 MA (avg expected 13.214 MA) and durum from 1.647 to 1.954 MA (avg expected 1.809 MA) but cut all winter wheat acres to 40.62 from 40.751 MA in March (avg expected 40.822 MA)

- USDA estimated 41% of the US winter wheat crop good to excellent as of June 28, unchanged from the prior week and vs. 30% a year ago. Harvest of winter wheat was completed at 38% vs. 42% a year ago and 46% for the five-year average, but ahead of market expectations

- USDA estimated 72% spring wheat's condition good-to-excellent, up 1 point from the prior week (71%) and vs. 70% year ago

- US wheat export inspections for week, ending June 25, recorded 316,515 MT, in line with expectations (250-380 TMT)

- Russian wheat export prices rose last week and may rise further this week, tracking an increase in global prices and influenced by wet weather in Russia's southern regions which may damage wheat quality

- Russia's grain harvest has been delayed due to rainy weather in the southern regions. Farmers harvested 1.4 MMT of all grains, down from 3.5 MMT a year ago as of June 30. Yields were at 3.82 mt/ha, up from 3.65 mt/ha a year ago

- June 30 - Russia bought 17,415 MT of intervention grain (wheat). Making the total bought since Sept 30 at 1.181 MMT, including wheat – 973,350 MT, barley – 113,650 MT and rye – 94,095 MT

- Stats Canada estimates Canada's 2015 total wheat plantings at 24.1 million acres down from 24.8 in April and vs. average expected 24.6 MA but up 1.3% from 2014. Spring wheat is estimated at 17.1 mln acres compared to the average trade guess of 18 mln (18 in Apr and 17.4 in 2014), and durum at 5.75 mln acres versus the average guess of 5.4 mln (5.5 in Apr and 4.75 in 2014)

- EU Commission cut its 2015 soft wheat harvest forecast by 1.5 MMT from last month to 140.0 MMT and vs. last year's record of 148.8 MMT

- DBV German farmers association expects a German grain harvest of 47 MMT for 2015, which would be in line with the five-year average but down 11% from last year. Winter wheat crop estimated at 25.12 MMT down 8.3% from a year ago

- In France, the EU's top wheat producer, there is virtually no rain forecast in the next 10 days while temperatures are expected to reach record highs at between 30-40°C (86-104°F) in most of the country until at least Wednesday next week

- Buenos Aires Grain Exchange estimated Argentine wheat crop is 52.5% planted, 3.7% ahead of last year

- German farm company KTG Agrar plans a major expansion of food and grain sales to China after a unit of Chinese group Fosun International bought a stake in KTG

- India considers imposing 10% tax for import wheat

- Iraq tendered for 30,000 MT of rice

- Philippines opened a quota of 50,000 MT of rice for Pakistan