WHEAT

- South Korea's Feed Leaders Committee bought in private deal 60,000 MT of EU origin feed wheat at 199.90 $/mt c&f plus a 1.25 $/mt surcharge for additional port unloading

- Jun 9 - South Korean flour mills (incl. DongAOne Co Ltd) bought 27,000 MT of US wheat for October shipment from the US PNW:

  • 15,400 MT of western/soft white wheat, max. 10.5% protein, at 219.52 $/mt fob;
  • 2,000 MT of western/soft white wheat, max. 8.5% protein, at 225.42 $/mt fob;
  • 9,600 MT of hard red winter wheat, min. 11.5% protein, at 227.61 $/mt fob and northern spring/dark northern spring, min. 14% protein, at 257.42 $/mt fob and at a premium of 153.59 cents/bushel over the Chicago December wheat contract

- Jun 9 - South Korean flour mills (incl. CJ Cheiljedang Corp.) bought 46,550 MT of US-origin milling wheat for Oct 10-Nov 10 shipment from the US PNW:

  • 17,500 MT of western/soft white wheat, max. 10.5% protein, at 219.39 $/mt fob;
  • 1,550 MT of western/soft white wheat, max. 8.5% protein, at 225.28 $/mt fob;
  • 12,700 MT of hard red winter wheat, min. 11.5% protein at 230.16 $/mt fob;
  • 14,800 MT of northern spring/dark northern spring, min. 14% protein at 257.29 $/mt fob

- Thailand this week bought 60,000 MT of feed wheat at 193-197 $/mt c&f for November shipment

- Indonesia bought 25,000 MT of Australian prime wheat, 10.5% protein, at a premium of $1 to the Chicago September contract for arrival in August

- Egypt has bought 4.8 MMT of domestic wheat since the start of the season on April 15

- Morocco will raise the custom duty on soft wheat imports to 65% from 30% from June 15 to August 15 to stabilize prices at 2,800-2,850 dirhams/mt (290.85-296.04 $/mt). Wheat stocks stood at 1.7 MMT as of May 15, which covers at least 4 months' needs

- Weekly US wheat export sales data for week ended June 2 totalled 223,800 MT for 2016/17 (below trade expectations of 300-500 TMT). Export commitments for 2016/17 are running 22% ahead of year-ago to start the season

- EU in week ended June 7 granted licenses to export 374 TMT of soft wheat, bringing the total this season to 29.234 MMT vs. 29.795 MMT a year ago

- FranceAgriMer said 79% of soft wheat crops were in good and excellent condition as of June 6, down 2% points from last week and below the year-earlier score of 87%; durum rating at 68% in good to excellent vs. 70% last week and vs. 80% a year ago

- Buenos Aires Grain Exchange kept Argentina's 2016/17 wheat acreage unchanged from last week at 4.5 mln ha (3.6 mln ha in 2015/16). Exchange estimates 16.4% of the crop has been planted as of June 9 vs. 22.1% this time last year

- ITC Ltd says that India may import 5 MMT of wheat in 2016/17. Wheat procurement by government-run agencies is about 23 MMT so far against 28 MMT a year ago. India levies a 25% import tax on wheat

- Conab raised its Brazil's 2015/16 wheat crop estimate from 5.83 to 5.88 MMT

- Kazakh farmers planted 14.488 mln ha (100.5% of planned) of spring cereals crops as of June 9 vs. 11.689 mln ha a year ago

- Russian Ag Min estimated spring wheat planting 102.9% (or 13.586 mln ha) done as of June 9 vs. 13.224 mln ha a year ago

CORN

- Jun 9 - Argentina grants export licenses for 41,000 MT of barley

- Jun 8 - Algeria's OAIC bought 100,000 MT of barley, likely from Ukraine, at 172-174 $/mt c&f for August shipment

- Jun 9 - USDA announced export sales of 116,360 MT of US corn to unknown destinations for delivery during 2015/16

- Export sales of US corn to be shipped ahead of the fall harvest have topped last year's pace for the first time this season, fuelled by competitive prices and a lack of available grain from drought-hit Brazil. Weekly US corn export sales data for week ended June 2 of 1,679,300 MT, incl. 1,558,900 MT for 2015/16 (topped trade expectations of 900-1200 TMT) and 120,400 MT for 2016/17 (within trade forecasts of 100-300 TMT). Total current marketing-year US corn export sales are 2% ahead the same point last year

- Brazil government said it would sell another 500,000 MT of public corn stockpiles in an effort to contain high grain prices

- Brazilian state of Goias says it will limit corn exports to 70% of total state production

- Conab cut its Brazil's 2015/16 corn crop estimate to 76.22 MMT from its May projection of 79.96 MMT with second crop lowered by 2.91 MMT to 50.00 MMT. Conab expects Brazil to export 25.4 MMT of corn (28.4 MMT – previous forecast and 30.17 MMT in 2014/15)

- EU in week ended June 7 awarded 312 TMT of corn (maize) import certificates, taking the volume so far this season to 12.837 MMT vs. 8.678 MMT a year ago

- EU in week ended June 7 granted licenses to export 84 TMT of corn, bringing the total this season to 1.721 MMT vs. 3.275 MMT a year ago

- EU in week ended June 7 granted licenses to export 55 TMT of barley, bringing the total this season to 9.191 MMT vs. 8.499 MMT a year ago

- FranceAgriMer said 76% of France's winter barley crops were in good to excellent condition as of June 6, down 2% point on the prior week and below the year-ago score of 86%. Spring barley rating was at 91% in good to excellent vs. 93% a week ago and vs. 86% a year ago

- FranceAgriMer estimated France's corn planting 98% done as of June 6, still behind last year's pace of 100%. Corn crop condition was estimated as 75% in good to excellent, down 4% points on the prior week and below the year-ago score of 84%

- Buenos Aires Grain Exchange maintains its 2015/16 Argentine corn crop estimate at 25 MMT (28.2 MMT in 2014/15). Harvesting of Argentine corn crop was 31.6% completed as of June 9, behind of last year's pace of 40.7%

- Buenos Aires Grain Exchange raised its estimate of 2015/16 Argentine barley crop to 4.8 MMT. Exchange expects Argentina's 2016/17 barley acreage will fall to 1 mln ha (1.2 mln ha in 2015/16). About 2.2% of the crop has been planted as of June 9 vs. 9.5% this time last year

- Ukraine's Ag Min estimated corn planting 98% (or 4.411 mln ha) done as of June 9 compare to 4.279 mln ha a year ago

- Russian Ag Min estimated spring barley planting 95.8% (or 7.769 mln ha) done as of June 9 vs. 8.13 mln ha a year ago

- Russian farmers planted 2.762 mln ha of maize or 92.3% of planned area as of June 9 vs. 2.693 mln ha a year ago

SOYBEAN

- Jun 9 - Argentina grants export licenses for 137,000 MT of soybeans and 23,000 MT of soybean oil

- Jun 9 - USDA announced export sales of 240,000 MT of US soybeans to China for delivery during 2016/17

- Weekly US soybean export sales data for week ended June 2 of 1,234,000 MT, incl. 758,500 MT for 2015/16 (well above trade expectations of 300-500 TMT) and 475,500 MT for 2016/17 (slightly below trade expectations of 500-700 TMT). Total current marketing-year US soybean export sales are 4% behind the same point last year

- Soybeans have gained more than 28% in nine consecutive weeks of gains as unseasonal rains caused widespread damage to Argentina's crop. Forecasters are now predicting a dry growing season for the US soybean crop due to the La Nina weather pattern

- Buenos Aires Grains Exchange maintains its forecast for 2015/16 Argentine soy crop at 56 MMT (60.8 MMT in 2014/15). Harvesting of Argentine soybean crop was 86.7% completed as of June 9, below last year's pace of 96.6%

- Conab lowered its Brazil's 2015/16 soybean production estimate from 96.91 to 95.63 MMT this month. Conab expects Brazil to export 54.1 MMT of soybeans (55.0 MMT – previous forecast and 54.32 MMT in 2014/15)

- AgRural said Brazilian farmers have sold 76% of soybean crop versus 68% last year

- MPOB estimated Malaysian crude palm oil production in May at 1.36 MMT vs. average expectation of 1.35 MMT and 1.3 MMT in April with the lowest end-stocks since March 2011 at 1.646 MMT down 8.8% on month and near to the average market expectation of 1.64 MMT. Malaysian May palm oil exports rose to 1.282 MMT, up 9.3% on month but below the average expectation

- Surveyor Intertek Testing Services estimated Malaysia's June 1-10 palm oil exports at 368,316 MT down 5.9% from a month ago

- Surveyor SGS estimated Malaysia's June 1-10 palm oil exports at 362,486 MT down 10.3% from a month ago

- Ukrainian farmers have sown 5.456 mln ha of sunflower or 104% of planned area as of June 9 vs. 4.766 mln ha a year ago

- Ukraine's Ag Min estimated soybean planting 92% (or 1.855 mln ha) done as of June 9 compare to 2.0 mln ha a year ago

- Russian farmers have sown 6.801 mln ha of sunflower or 97.9% of planned area as of June 9 vs. 6.751 mln ha a year ago

- Russian farmers planted 1.737 mln ha of soybeans or 78.3% of planned area as of June 9 compare to 1.843 mln ha a year ago