WHEAT

- Aug 20 - Japan seeks 146,721 MT of food wheat for September-October shipment:

  • 26,870 MT of western white US wheat
  • 29,615 MT of hard red winter US wheat
  • 24,870 MT of dark northern spring US wheat
  • 34,746 MT of Canadian western red spring wheat
  • 30,620 MT of Australian standard white wheat

- USDA estimated 70% spring wheat's condition good-to-excellent, up 1 point from the prior week (69%) and vs. 68% year ago. About 53% of the US spring crop has been harvested as of August 16, up from 15% a year ago and vs. a 31% average of the last five years

- US wheat export inspections for week, ending August 13, recorded 560,083MT, which was above the expectations (300-425 TMT)

- Aug 19 - Russia will start grain intervention tenders. They plan to purchase around 2 MMT of grain for intervention in the 2015/16 (vs. 1.181 MMT in 2014/15), which would boost their total intervention stocks to around 4 MMT

- Russian farmers have harvested 59.0 MMT of grain (incl. 43 MMT of wheat and 10.9 MMT of barley) as of August 17, down from 62.1 MMT (incl. 43.8 MMT of wheat and 12.0 MMT of barley) a year ago. Yields were at 2.9 mt/ha, down from 3.17 mt/ha a year ago

- Kazakhstan's Ag Min said Kazakhstan harvested 1.468 MMT as of August 18, up from 1.061 MMT a year ago. Yields were at 1.61 mt/ha, up from 1.2 mt/ha a year ago

- Australian Bureau of Meteorology said El Nino nearly certain to last until end-2015

CORN

- Crop scouts on day one of the Pro Farmer Midwest crop tour found variable yield potential in Ohio and strong prospects in South Dakota

- USDA estimated 69% US corn crop rated good to excellent as of August 16, down 1% on a week ago, matching market expectations and vs. last year's 72%

- US corn export inspections for week, ending August 13, reported 890,083 MT, in line with the range of analysts' expectations (800-950 TMT)

- Agritel suggests that Ukraine could produce 26.6 MMT of corn this year compared to 2014's output of 28.45 MMT

- Cargill buys Norwegian salmon feed maker Ewos for 1.35 billion euros ($1.50 billion)

SOY

- USDA said the US soybean crop condition was rated 63% good to excellent as of August 16, unchanged from a week ago, but below previous year's 71%

- US soybean export inspections for week, ending August 13, reported 375,763 MT, topping trade estimates (75-200 TMT)

- NOPA said its members crushed 145.227 million bushels of soybeans in July 2015, the largest crush ever for July and a 2% increase from June (142.473 million bu) and a 21% increase from a year-ago. The figure topped an average of analyst estimates for 141.475 million bu. Soyoil stocks rose to 1.624 billion lbs as of July 31 from 1.574 a month earlier, topping expectations of 1.592 billion lbs and last year's level of 1.589 billion lbs. Soymeal exports in July totaled 590,582 MT down from 596,573 MT a month ago, but up vs. 391,781 MT a year ago