- July 9 - Japan seeks 155,971 MT of food wheat for August-September shipment:

  • 15,821 MT of western white US wheat
  • 18,555 MT of hard red winter US wheat
  • 26,725 MT of dark northern spring US wheat
  • 68,910 MT of Canadian western red spring wheat
  • 25,960 MT of Australian standard white wheat

- USDA estimated 40% of the US winter wheat crop good to excellent as of July 5, down 1 point from the week before and below market expectations but above 31% a year ago. Harvest of winter wheat was completed at 55% vs. 55% a year ago and 59% for the five-year average

- USDA estimated 70% spring wheat's condition good-to-excellent, down 2 point from the prior week (72%) and vs. 70% year ago

- US wheat export inspections for week, ending July 2, recorded 368,818 MT, in line with expectations (250-400 TMT)

- Agritel cut its EU 2015 soft wheat crop estimate by 2 MMT since mid-June to 138.5 MMT vs. a record volume of around 149 MMT last year

- ODA Group cut its EU 2015 soft wheat crop estimate to 137.3 MMT from 140 MMT expected a month ago

- Agritel cut its French 2015 soft wheat crop estimate to just over 37 MMT vs. 38.5 MMT a month ago and now below last year's 37.5 MMT. ODA's estimate is lower at 36.4 MMT

- ODA forecasts UK 2015 wheat crop at 15 MMT or lower (if dry condition lasts) vs. 16.6 MMT in 2014

- Agroinfomarket lowered its forecast of Spanish 2015 wheat crop by 0.41 MMT to 5.07 MMT, now down 9.4% from a year ago

- India considers imposing 10% import tax on wheat; imports seen near 10-year high due to rain-damaged crop; state reserves high at 27 MMT, but much of questionable quality

- Argentine Ag Min trims its 2015/16 wheat planting estimate from 3.9 to 3.75 mln. ha due to recent dryness; about 69% was completed

- Russian farmers have harvested 4.533 MMT of grain (incl. 1.971 MMT of wheat and 1.423 MMT of barley), down from 7.081 MMT (incl. 4.567 MMT of wheat and 1.84 MMT of barley) a year ago as of July 6. Yields were at 3.87 mt/ha, up from 3.75 mt/ha a year ago

- Greece rejected terms of a bailout package, raising risk of a global financial crisis