WHEAT

- South Korea's Nonghyup Feed Inc (NOFI) seeks up to 69,000 MT of feed wheat for delivery by Nov 25

- Jun 1 - Argentina grants export licenses for 22,000 MT of low protein wheat

- May 30 - Morocco's ONICL bought 133,000 MT of soft wheat in the local market for subsidized flour production

- Thailand last week bought 60,000 MT of Black Sea feed wheat at 187 $/mt c&f for August shipment

- Asian feed mills are buying large volumes of wheat for a second year, shifting away from corn as supplies of that grain dwindle following drought in key exporter Brazil. Indonesia has bought over 1 MMT of feed wheat this year, while Thailand has locked in close to 2 MMT with the country booking cargoes right up to December

- Russian Ag Min estimated spring wheat planting 100.9% (or 13.319 mln ha) done as of June 1 vs. 11.843 mln ha a year ago

- FAO raised its 2016 global wheat production estimate to 724 MMT, up by 7.1 MMT from the May figure and vs. 734.1 MMT in 2015. The month-on-month upward revision mainly reflects an improved outlook in Argentina, the EU and Russia. Forecast of the 2016/17 world wheat inventories was upped to 215.6 MMT, 20.4 MMT more than reported in May and 4.9 MMT (2.3%) above this season

- Jun 2 - China sold 108,000 MT of state held Rice reserves, about 4% of the total volume offered

- Jun 3 - China will auction 403,200 MT of rice from its state reserves on Friday

CORN

- South Korea's Nonghyup Feed Inc (NOFI) seeks up to 276,000 MT of corn for Sep 1-Oct 1 shipment

- Iran bought 20,000 MT of Argentine corn for June shipment

- Jun 3 - China will auction 3.42 MMT of corn from its state reserves on Friday

- Brazil's cereals exporters association Anec cut its estimate for 2016 corn exports to 23 MMT, down 7 MMT from its April outlook

- Brazil's Trade Ministry reported May corn exports at 26,741 MT, down from 367,602 MT in April and below than 38,818 MT in the year ago month. Corn exports totaled a record 12.2 MMT from January through May, up from 5.1 MMT over the same period a year ago

- Lanworth estimates Brazil's 2015/16 corn output at 74.9 MMT, below USDA and CONAB's estimates (81 MMT and 79.96 MMT)

- Brazil's Trade Ministry reported May ethanol exports at 119,251 million liters, up from 71,791 mln liters in April and up from 91,028 mln liters last May

- FAO forecasts global maize production in 2016 at 1,026.5 MMT, 2.3%, or 22.6 MMT, above 2015. The bulk of the increase is attributed to a significant year-on-year rise in the US. World maize stocks are forecast at 214.2 MMT, about 5.4 MMT, or 2.5% less than their opening level, with the largest declines projected for China

- FAO forecasts global barley production in 2016 at 144.6 MMT down from 147 MMT in 2015. The bulk of the decrease is attributed to a significant year-on-year fall in Morocco. World barley stocks are forecast at 30.4 MMT, about 2.6 MMT, or 9.4% more than their opening level, with the largest increase projected for Russia

- Ukraine's Ag Min estimated corn planting 98% (or 4.4 mln ha) done as of June 1 compare to 4.3 mln ha a year ago

- Russian Ag Min estimated spring barley planting 93.1% (or 7.552 mln ha) done as of June 1 vs. 7.341 mln ha a year ago

- Russian farmers planted 2.646 mln ha of maize or 88.4% of planned area as of June 1 vs. 2.644 mln ha a year ago

- US total corn consumed for alcohol and other uses was 445 million bushels in April 2016, down 8% from Mar 2016 and down 4% from Apr 2015

- US dry mill co-product production of distillers dried grains with solubles (DDGs) was 1.7 million tons during April 2016, down 11% from Mar 2016 but up 2% from Apr 2015

- US wet mill corn gluten feed production was 306 thousand tons during April 2016, down 11% from Mar 2016 and down 2% from Apr 2015

- FAO Cereal Price Index averaged 152.3 points in May, up 2.5 points (1.6%) from April but down 5.3% from May 2015. Among the major cereals, maize prices increased sharply for the second consecutive month, mainly on tight export supplies until the harvesting of new crops in the northern hemisphere later this year

SOYBEAN

- South Korea's Nonghyup Feed Inc (NOFI) seeks up to 90,000 MT of soymeal for delivery by Oct 1

- Iran bought 40,000 MT of Argentine soymeal for June shipment

- Brazil's grain exporter group Anec estimates 2016 soy exports at 57.0 MMT

- Brazil's Trade Ministry reported May soybean exports at 9.915 MMT, down from 10.086 TMT in April but up from 9.341 MMT a year ago. Soybean exports over Jan-May totaled 30.8 MMT, up from 22.4 MMT in the same five months a year ago. Also Brazil exported 1.929 MMT of soymeal in May versus 1.431 MMT the month before and 1.589 MMT a year ago; and 177,966 MT of soyoil compared to 75,823 MT in Apr and 126,785 MT a year ago

- Lanworth pegged Argentina's 2015/16 soybean output at 60.7 MMT, well ahead of the USDA's 56.5 MMT estimate

- USDA estimated US April soybean crush for crude oil at 4.745 million short tons (158.2 million bushels), topped the average market expectation (4.704 mln tons or 156.8 mln bu) but down from 4.992 million tons in March 2016. Crude soyoil stocks climbed to 2.049 billion lbs as of Apr 30 from 1.957 in Mar, while refined oil stocks were at 371,464 million lbs as of Apr 30 vs. 368,327 in Mar. April US soy cake and meal stocks rose to 365,653 tons from 302,672 in Mar

- Monsanto Co, eager to get royalties from growers in Argentina on genetically modified soybeans, said on Wednesday it was still trying to resolve a dispute with the government over inspections, while an agricultural ministry source said a deal may be reached in the coming days

- FAO Vegetable Oil Price Index averaged 163.3 points in May, down 3.1 points (1.8 %) from April. The decline was mainly caused by palm oil, the price of which fell after three months of sharp gains

- Ukrainian farmers have sown 5.3 mln ha of sunflower or almost 101% of planned area as of June 1 vs. 4.6 mln ha a year ago

- Ukraine's Ag Min estimated soybean planting 90% (or 1.8 mln ha) done as of June 1 compare to 1.9 mln ha a year ago

- Russian farmers have sown 6.445 mln ha of sunflower or 92.7% of planned area as of June 1 vs. 6.518 mln ha a year ago

- Russian farmers planted 1.478 mln ha of soybeans or 66.6% of planned area as of June 1 compare to 1.614 mln ha a year ago

- US agricultural trader Cargill Inc has signed an agreement to acquire Five Star Custom Foods, Ltd, a Texas-based company specializing in cooked protein products, soups and sauces for restaurants and food processors