- South Korea's MFG seeks up to 70,000 MT of corn from the US, South America, South Africa or eastern Europe for Dec-Jan shipment

- USDA said the US corn improved slightly last week with 70% of the crop rated good to excellent as of July 26 compared with 69% a week ago, although it was well below last year's 75%

- US corn export inspections for week, ending July 23, reported 1.108 MMT, above the range of analysts' expectations (800-1025 TMT)

- The EU's crop monitoring service MARS slashed its yield estimate for the bloc's 2015 corn crop to 6.71 mt/ha versus 7.22 mt/ha last month due to dryness. The new figure below last year's 8.07 mt/ha and the 5-year average of 7.02 mt/ha

- MARS estimates EU new crop barley (winter and spring) yield at 4.61 mt/ha against 4.65 mt/ha estimated last month and vs. 4.9 mt/ha in 2014, but still 2.6% above the five-year average (4.49 mt/ha)

- Ukraine's Ag Min said Ukraine exported 1.873 MMT of grain between July 1-27, 2015, including wheat – 492 TMT, corn – 831 TMT, barley – 548 TMT and other grains – 2 TMT

- Ukrainian farmers harvested 23.66 MMT of all grains as of July 27, up from 23.62 MMT a year ago. Yields were at 3.36 mt/ha up from 3.33 mt/ha a year ago. Farmers harvested 6.25 MMT of barley (76% of area) vs. 6.78 MMT a year ago

- There are rumors that the Chinese government would grant a subsidy of 80 $/mt to sell corn out of reserves to industrial users, and would be making a substantial cut in the new crop corn purchase price

- Chinese demand for Australian sorghum has slowed so far this season, bulk grain handler Graincorp Ltd said, raising concerns that Beijing may plan to implement a tariff to limit soaring import volumes. Chinese imports of Australian sorghum are expected to hit a record 483,000 MT in the 2015/16, up from 464,000 MT the previous year. Sorghum consumption in China has surged over the past three years from 3.2 MMT to 11.1 MMT in 2015, according to estimates by the ABARES