- USDA said the US corn crop condition was rated 69% good to excellent as of July 5, up 1 point from a week earlier, and ahead of market expectations, but below 75% a year ago

- US corn export inspections for week, ending July 2, reported 839,324 MT, below the range of analysts' expectations (850-1000 TMT)

- CNGOIC said China may consume 171 MMT of corn in 2014/15, down 9 MMT from previous year and 3 MMT lower than last month's forecast with 2015 crop estimated at 232 MMT, up 7.6% on the year. CNGOIC left unchanged its estimate of 2014/15 corn imports at 4 MMT

- Safras estimates total Brazilian corn production at 85.5 MMT against 82.3 MMT previously

- Ukrainian farmers harvested 1.529 MMT of all grains (incl. 1.196 MMT of barley), down from 6.748 MMT of all grains a year ago as of July 6. Yields were at 3.05 mt/ha up from 2.9 mt/ha a year ago