WHEAT

- Egypt rejected 33,000 MT of the US wheat, despite that the shipment contained a 0.006% level of ergot, well below the commonly accepted international standard of 0.05%. The Ag Ministry claims they are applying zero tolerance on orders from the top prosecutor's office, but say they expect the decree from the Prime Minister for ergot allowance once the prosecutor order is lifted

- Weekly US wheat export sales data for week ended June 16 totalled 465,200 MT, incl. 462,800 MT for 2016/17 (within trade expectations of 400-600 TMT). Export commitments for 2016/17 are running 27% ahead of year-ago to start the season

- EU in week ended June 21 granted licenses to export 556 TMT of soft wheat, bringing the total this season to 30.659 MMT vs. 30.672 MMT a year ago

- FranceAgriMer said 71% of soft wheat crops were in good and excellent condition as of June 20, down 4% points from last week and below the year-earlier score of 81%

- Argentina's Ag Min expects the country to plant 5.34 million hectares of wheat for the 2016/17 (4.37 mln ha in 2015/16), the largest planting in nine years. The ministry also noted that 32% of the crop had been sowed as of June 16, versus 42% at this point last year

- 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 45.9% of the crop has been planted as of June 23 vs. 52.5% this time last year

- Russian farmers harvested 586,600 MT of all grains as of June 23, up from 295,500 MT a year ago. Yields totalled 4.74 mt/ha up from 4.62 mt/ha a year ago

- Russia plans to supply China initially with 2-3 MMT of grain a year via a grain hub to be built in Siberia

- Thailand has exported about 4.71 MMT of rice since January, an 11.42% increase from the same period last year

CORN

- Jun 24 - South Korea's KOCOPIA rejected all offers in tender to buy 55,000 MT of corn for Oct 1 arrival, citing on too high prices. The lowest offer was 201.11 $/mt c&f for any origin corn followed by 205.46 $/mt c&f for corn from the US

- Jun 23 - Taiwan's MFIG bought 65,000 MT of US or Brazilian corn at a premium of 1.256 $/bu c&f over the Chicago December corn futures (206 $/mt c&f) for Sept 6-Oct 10 shipment

- Jun 23 - USDA announced export sales of 138,000 MT of US corn to South Korea for delivery during 2015/16 (69 TMT) and 2016/17 (69 TMT)

- Zimbabwe will import more than 250,000 MT of maize from Mexico to fill the shortfall caused by the severe drought. The other maize will obviously be coming from Zambia as well some from South Africa and Ukraine

- Weekly US corn export sales data for week ended June 16 of 1,421,000 MT, incl. 870,700 MT for 2015/16 (within trade expectations of 750-1000 TMT) and 550,300 MT for 2016/17 (above trade forecasts of 200-400 TMT). Total current marketing-year US corn export sales are 3% ahead the same point last year

- USDA attaché in Brazil lowered its 2015/16 corn crop estimate to 75 MMT, below USDA official estimate of 77.5 MMT and vs. 85 MMT in 2014/15. In 2016/17 corn production is expected to reach 82 MMT

- EU in week ended June 17 awarded licenses to import 15,000 MT of Ukrainian barley under an annual duty-free quota, bringing the total to 40,949 MT or 16.4% out of a total volume of 250,000 MT available in 2016

- EU in week ended June 21 awarded 169 TMT of corn (maize) import certificates, taking the volume so far this season to 13.084 MMT vs. 8.912 MMT a year ago

- EU in week ended June 21 granted licenses to export 57 TMT of corn, bringing the total this season to 1.842 MMT vs. 3.482 MMT a year ago

- EU in week ended June 21 granted licenses to export 301 TMT of barley, bringing the total this season to 9.71 MMT vs. 8.653 MMT a year ago

- FranceAgriMer said 67% of France's winter barley crops were in good to excellent condition as of June 20, down 6% points on the prior week and below the year-ago score of 85%. Spring barley rating was at 76% in good to excellent vs. 86% a week ago and vs. 79% a year ago

- FranceAgriMer estimated France's corn planting 99% done as of June 20. Corn crop condition was estimated as 69% in good to excellent, down 4% points on the prior week and below the year-ago score of 83%

- Buenos Aires Grain Exchange raised its 2015/16 Argentine corn crop estimate by 3 MMT to 28 MMT (28.2 MMT in 2014/15). Harvesting of Argentine corn crop was 37.5% completed as of June 23, behind of last year's pace

- Argentina's Ag Min left its forecast for 2015/16 corn production at 37.9 MMT unchanged from a month prior and vs. 33.8 MMT in 2014/15, incl. corn for fodder

- Argentina's Ag Min increased its 2015/16 sorghum harvest estimate to 3.19 MMT from 3 MMT previously, now above last year's 3.1 MMT. The ministry also noted that 49% of the crop had been harvested as of June 16, versus 67% at this point last year

- Argentina's Ag Min slightly upped its barley acreage forecast for the 2016/17 to 1.24 mln ha from 1.14 mln hf in May, still down 15.6% from 1.47 mln ha in 2015/16

- Ukrainian farmers started harvesting of winter barley. As of June 23 was harvested 132,100 MT, up from 58,900 MT a year ago. Yields totalled 4.09 mt/ha up from 3.05 mt/ha a year ago

SOYBEAN

- Jun 29 - Egypt's FIHC seeks 25,000 MT of soybean oil for August 11-31 arrival

- Weekly US soybean export sales data for week ended June 16 of 1,322,200 MT, incl. 660,700 MT for 2015/16 (within trade expectations of 400-700 TMT) and 661,500 MT for 2016/17 (within trade expectations of 600-800 TMT). Total current marketing-year US soybean export sales are 1% behind the same point last year

- 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 95% completed as of June 23, below last year's pace of 99.6%

- Argentina's Ag Min raised its 2015/16 soy harvest estimate to 58 MMT from a prior projection of 57.6 MMT and vs. 61.4 MMT in 2014/15. The ministry also noted that 93% of the crop had been harvested as of June 16, versus 99% at this point last year

- Monsanto Co. and Argentina have reached a deal regarding inspections of soybean shipments to ensure the company has been paid royalty fees for its genetically modified (GM) seed

- Abiove cut its estimate for Brazil's 2015/16 soybean crop to 97.3 MMT from the previous outlook of 97.9 MMT. Abiove also lowered its forecast for 2016 soybean exports by 800,000 MT to 53.8 MMT