WHEAT

- Aug 4 - Japan seeks 123,136 MT of food wheat for September 21-October 20 shipment:

  • 34,822 MT of hard red winter US wheat;
  • 28,130 MT of dark northern spring US wheat;
  • 35,864 MT of Canadian western red spring wheat;
  • 24,320 MT of Australian standard white wheat for December shipment

- Aug 2 - Egypt's GASC seeks an unspecified amount of wheat from global suppliers for Sept 11-20 shipment

- Japan has suspend purchases of all Western White wheat from the US for food use, and all purchases of Western White wheat from the US West Coast, but not from the Gulf, for feed use until it can start testing incoming shipments after USDA confirmed it found unapproved GMO wheat strain in Washington state last week. Japan has also suspended distribution of all previously purchased US wheat until testing is established

- USDA estimated 89% of the US winter wheat crop was harvested as of July 31, behind analysts' forecasts of 90% (89-93% - range) and last year's pace of 91%, but ahead 5-year mean of 86%

- USDA estimated 68% of the US spring wheat crop in good to excellent condition as of July 31, unchanged from prior week and compared to 70% a year-ago, matching analysts' average expectation of 68% (66-70%). US farmers started harvesting of spring wheat with 10% of the crop cut by July 31, ahead the last year's pace of 6% and 5-year mean of 9%

- US wheat export inspections for week, ending July 28, recorded 662,373 MT, above the market forecasts (450-600 TMT). Inspections for 2016/17 are running 38.2% ahead of year-ago

- Iranian news agency reports the government is looking to become self-sufficient in wheat production and they are aiming to export 2 MMT of surplus wheat by March 2017

- ODA Group lowered its French wheat crop estimate by 2.2 MMT to 28.2 MMT, which would be the lowest since 1988 and down nearly 13 MMT from last year's record crop

- Russian farmers harvested 37.93 MMT of wheat from 34.2% of the planned area as of August 1, up from 30.79 MMT a year ago. Yields totalled 4.0 mt/ha up from 3.5 mt/ha a year ago

- Ukrainian farmers harvested 21.5 MMT of wheat from 84% of the planned area as of August 1, down from 21.9 MMT a year ago. Yields totalled 4.13 mt/ha up from 3.73 mt/ha a year ago

CORN

- Aug 1- Argentina grants export licenses for 50,028 MT of corn

- US corn export inspections for week, ending July 28, reported 1,144,317 MT, below the market forecasts (1.2-1.4 MMT). Inspections for 2015/16 are running 2.2% behind year-ago

- USDA rated 76% of the US corn crop in good-to-excellent condition as of July 31, unchanged from the previous week and compared to 70% a year-ago, ahead of market expectations of 75% (74-76% - range)

- FCStone projected US 2016 corn production at 15.146 billion bushels, a record high if realized, with an average yield of 175.0 bushels per acre

- China is said to have about 240 MMT of corn in its reserves, more than the country can consume in a whole year

- Brazil's Trade Ministry reported July corn exports at 1.046 MMT, up from 19,267 MT in June but below than 1.28 MMT in the year ago month. Corn exports totalled a record 13.3 MMT from January through July, up from 6.6 MMT over the same period a year ago

- Brazil's Trade Ministry reported July ethanol exports at 219.0 million liters, up from 258.1 mln liters in June and up from 213.9 mln liters last July

- Celeres forecasts 2016/17 Brazil corn crop at 99.1 MMT compared to 78.35 MMT in 2015/16

- US total corn consumed for alcohol and other uses was 472 million bushels in June 2016, down 1% from May 2016 and down 4% from June 2015

- US dry mill co-product production of distillers dried grains with solubles (DDGs) was 1.89 million tons during June 2016, up 3% from May 2016 but down 3% from June 2015

- US wet mill corn gluten feed production was 332 thousand tons during June 2016, down slightly from May 2016 but up 3% from June 2015

- EIA estimated US ethanol production for May at 30.228 million barrels versus 28.059 million barrels in April and vs. 29.666 million barrels a year ago

- EIA reported May ethanol inventory at 20.792 million barrels, which is 3.3% higher from last year, but down 1% from April

- Russian farmers harvested 5.68 MMT of barley from 20.3% of the planned area as of August 1, up from 4.57 MMT a year ago. Yields totalled 3.34 mt/ha up from 2.88 mt/ha a year ago

- Ukrainian farmers harvested 8.5 MT of barley from 89% of the planned area as of August 1, up from 7.4 MMT a year ago. Yields totalled 3.34 mt/ha up from 2.94 mt/ha a year ago

SOYBEAN

- Aug 1 - USDA announced export sales of 391,000 MT of US soybeans to unknown destinations for delivery during 2016/17

- Aug 1 - Argentina grants export licenses for 91,200 MT of soybean oil and 49,900 MT of soymeal

- US soybean export inspections for week, ending July 28, reported 671,154 MT, in line with the trade forecasts that ranged from 600,000 to 800,000 MT. Inspections for the 2015/16 marketing year are running 4.5% behind year-ago

- USDA rated 72% of the US soybean crop in good to excellent condition as of July 31, up from 71% the previous week and compared to 63% a year-ago, ahead of market forecasts of 70% (69-72% - range)

- FCStone projected US 2016 soybean production at a record 4.054 billion bushels with an average yield of 48.8 bushels per acre

- USDA estimated US June soybean crush for crude oil at 4.624 million short tons, in line with the average market expectation (4.626 mln tons), down from 4.826 million tons in May 2016 but up from 4.549 mln tons a year ago. Crude soyoil stocks fell to 2.049 billion lbs as of June 30 from 2.063 in May but up vs. 1.773 bln lbs in June 2015, while refined oil stocks were at 381,396 million lbs as of June 30 vs. 402,898 in May and 380,046 a year ago. June US soy cake and meal stocks fell to 281,038 tons from 343,411 in May and 300,225 tons a year-ago

- EIA said US May biodiesel production at 133 million gallons vs. 120 million gallons in April and vs. 117 million gallons a year ago

- EIA said 544 million lbs. of soybean oil used for biodiesel in May (56% of feedstocks used to produce biodiesel) vs. 415 million lbs. in April and vs. 443 million lbs. a year ago

- Brazil's Trade Ministry reported July soybean exports at 5.787 MMT, down from 7.761 MMT in June and from 8.44 MMT a year ago. Soybean exports over Jan-Jul totalled 44.4 MMT, up from 40.6 MMT in the same seven months a year ago. Also Brazil exported 1.386 MMT of soymeal in July versus 1.565 MMT the month before and 1.709 MMT a year ago; and 73,831 MT of soyoil compared to 159,676 MT in June and 93,064 MT a year ago

- Brazilian soybean, meal and corn exports are expected to fall to half the level seen last year in August (to 4.87 MMT from the 9.37 MMT shipped in Aug 2015)

- Celeres forecasts 2016/17 Brazil soybean crop at 102.8 MMT compared to 97.7 MMT in 2015/16

- Russian farmers harvested 123,300 MT of rapeseed from 6.2% of the planned area as of August 1, down from 161,400 MT a year ago. Yields totalled 2.0 mt/ha up from 1.69 mt/ha a year ago

- Ukrainian farmers harvested 1.1 MMT of rapeseed from 88% of the planned area as of August 1, down from 1.6 MMT a year ago. Yields totalled 2.63 mt/ha up from 2.53 mt/ha a year ago