- Aug 3 - South Korea NOFI canceled tender for 55,000 MT of South American soymeal for October November shipment due to high prices (the lowest offer was around 398 $/mt C&F)

- AgRural says Brazilian farmers have sold 25% of new crop soybeans that will be planted in the last quarter, far more than the 7% sold a year ago at this time. Sales of the current crop 2014/15 reached 82%, still lagging the previous season by 4%. Brazil is expected to produce a record soybean crop next year, at 96 MMT, 11% bigger than in 2014/15

- ADM says Brazil soy profit margin to fall sharply in 2015/16

- USDA said the US soybean crop condition was rated 63% good to excellent as of August 2, up 1% from a week ago, and matching analysts' expectations, but below previous year's 71%

- US soybean export inspections for week, ending July 30, reported 148,498 MT, within trade estimates (80-190 TMT)

- European Commission has lowered its forecast of EU 2015 rapeseed crop to 20.7 MMT from 21.7 MMT in its previous outlook

- Strategie Grains trimmed EU 2015 rapeseed crop estimate to 21.4 MMT from 21.8 MMT earlier, down 12% from a year ago

- Strategie Grains trimmed EU 2015 sunseed crop estimate to 8.3 MMT from 8.4 MMT earlier, down 6% from a year ago

- Strategie Grains trimmed EU 2015 soybean crop estimate to 2.1 MMT from 2.2 MMT earlier, up 16% from a year ago

- Indonesia keeps crude palm oil export tax at zero, unchanged from July

- Surveyor SGS estimated Malaysia's July palm oil exports at 1,539,583 MT down 9.2% from a month ago