WHEAT

- Sep 2 - Japan seeks 126,805 MT of food wheat for Oct-Nov shipment:

  • 11,270 MT of western white US wheat
  • 23,745 MT of hard red winter US wheat
  • 27,440 MT of dark northern spring US wheat
  • 64,350 MT of Canadian western red spring wheat

- USDA said 88% of the US spring crop has been harvested as of August 30, up from 36% a year ago and vs. a 62% average of the last five years

- US wheat export inspections for week, ending August 27, recorded 601,639 MT, well above the market expectations (275-400 TMT)

- Australian Bureau of Meteorology said the recently emerged El Nino is now the strongest such event in nearly 20 years

- Cargo loading has resumed at Senalia, France's largest grain silo operator at Rouen port, after cargo-handling workers agreed to end a strike

- Russian farmers have harvested 71.1 MMT of grain (incl. 48.7 MMT of wheat and 14.2 MMT of barley) as of August 31, down from 75.3 MMT (incl. 47.9 MMT of wheat and 17.3 MMT of barley) a year ago. Yields were at 2.67 mt/ha, down from 2.83 mt/ha a year ago

- Kazakhstan's Ag Min said Kazakhstan harvested 2.32 MMT as of September 1, up from 1.484 MMT a year ago. Yields were at 1.33 mt/ha, up from 1.07 mt/ha a year ago

- France AgriMer data on Monday noted the country's soft wheat crop quality was variable with low protein counts, but other milling quality measures were high. They estimate only 51% of the crop has protein higher than 11.0% down from the 57% last year. Specific weight was 96% at or above the 77 kg/hL level compared to the 33% last year. Hapberg falling numbers was 98% at above 220 seconds, more than double last year's 45% and similar to 2013 levels

- UK wheat stocks at the end of June stood at a six-year high of 1.98 MMT, up 71% from a year earlier

CORN

- USDA estimated 68% US corn crop rated good to excellent as of August 30, down 1% from a week ago, matching market expectations and vs. last year's 74%

- US corn export inspections for week, ending August 27, reported 1,000,175 MT, topped the range of analysts' expectations (775-900 TMT)

- Serbian corn crops may be cut to around 6 MMT this year from roughly 8 MMT last year, due to drought . However, country would still be able to export around 2 MMT

SOY

- Aug 31 - USDA announced export sales of 125,000 MT of US soybeans for delivery to unknown destinations during the 2015/16

- USDA said the US soybean crop condition was rated 63% good to excellent as of August 30, unchanged from a week ago, but below previous year's 72%. Analysts had expected a slight decline in soybean ratings

- US soybean export inspections for week, ending August 27, reported 184,285 MT, near the high end of trade forecasts ranging from 100,000 to 200,000 MT