- Egypt's supply minister says country's wheat imports could fall below 4 MMT in 2015/16 and Egypt will shift to a new wheat procurement system in April 2016, giving subsidies directly to farmers instead of subsidizing the grain

- India has decided to introduce an import duty of 10% on wheat after a gap of eight years

- US Wheat Associates said that US SRW crop would be the poorest quality since 1998, with large amounts of it being classified as feed quality

- USDA estimated 85% of the US winter wheat crop was harvested as of July 26 vs. 82% a year ago and 80% for the five-year average

- USDA estimated 71% spring wheat's condition good-to-excellent, up 1 point from the prior week (70%) and vs. 70% year ago. 2% of the US spring crop has been harvested as of July 26, up from 1% a year ago, but lower than a 5% average of the last five years

- US wheat export inspections for week, ending July 23, recorded 439,330 MT, topping the expectations (200-400 TMT)

- Japan's Flour Millers Association said that price of wheat imported by the Japanese government for sale to flour millers may drop more than 7% in the six months from October from an average of 60,070 yen/mt (485 $/mt) in the current six-month period

- MARS lowered its forecast for the soft wheat yield in this year's EU harvest to 5.8 MT per hectare (mt/ha) from 5.85 mt/ha estimated last month, down 5.4% from a year ago. However, this is still 2.4% above the five-year average

- Russian farmers have harvested 32.1 MMT of grain (incl. 26 MMT of wheat and 3.4 MMT of barley) as of July 27, down from 37.2 MMT (incl. 31.4 MMT of wheat and 3.1 MMT of barley) a year ago. Yields were at 3.6 mt/ha, up from 3.48 mt/ha a year ago

- Ukrainian farmers harvested 16.93 MMT (68% of area) of wheat as of July 27, up from 16.29 MMT a year ago. Yields were at 3.62 mt/ha vs. 3.64 mt/ha a year ago

- Kazakhstan's Ag Min said Kazakhstan harvested 825,900 MT as of July 28, up from 577,100 MT a year ago. Yields were at 1.72 mt/ha, up from 1.17 mt/ha a year ago