WHEAT

- Aug 11 - Japan seeks 124,572 MT of food wheat for September 21-October 20 shipment:

  • 40,590 MT of hard red winter US wheat;
  • 25,140 MT of dark northern spring US wheat;
  • 58,842 MT of Canadian western red spring wheat

- Aug 8 - Israeli group bought 55,000 MT of optional origin feed wheat, possibly Black Sea origin: 15,000 MT at 172.50 $/mt c&f for Oct-Nov shipment; 20,000 MT at 173.50 $/mt c&f for Nov-Dec shipment; and 20,000 MT at 174.50 $/mt c&f for Dec-Jan shipment

- Aug 3 - Syria bought 150,000 MT of Russian soft milling wheat at 162.9 EUR/mt (180.6 $/mt) c&f for Aug-Sept shipment

- USDA estimated 94% of the US winter wheat crop was harvested as of August 7, behind last year's pace of 96%, but ahead 5-year mean of 91%

- USDA estimated 68% of the US spring wheat crop in good to excellent condition as of August 7, unchanged from prior week and compared to 69% a year-ago. US farmers harvested 30% of spring wheat by August 7, ahead analysts' forecasts of 28% (21-37% – range), the last year's pace of 22% and 5-year mean of 18%

- US wheat export inspections for week, ending August 4, recorded 376,407 MT, below the market forecasts (400-600 TMT). Inspections for 2016/17 are running 31.9% ahead of year-ago

- Agritel said that Germany may overtake France as the EU's top wheat exporter this season as French soft wheat exports outside the EU could plunge by 60% due to a poor harvest. French soft wheat exports outside the EU are expected to fall to 5.1 MMT in 2016/17, from 12.8 MMT last season and below projected German exports of 6.65 MMT. It forecast France would ship 7.3 MMT within the EU, down slightly from 7.7 MMT in 2015/16

- IKAR raised its forecast of Russia's 2016 wheat crop by 1 MMT to 70 MMT. Total grain production estimate was upped by 2 MMT to 116 MMT

- Philippines plans to buy 250,000 MT of the food staple from either Vietnam, Thailand or Cambodia, as it seeks to maintain a comfortable reserve ahead of the typhoon season

CORN

- Aug 10 - Taiwan Sugar Corp seeks 20,000 MT of US corn for January shipment

- Aug 8 - Israeli group bought 110,000 MT of optional origin corn, possibly Black Sea origin: 30,000 MT at 177 $/mt c&f for Oct-Nov shipment; 35,000 MT at 176.75 $/mt c&f for Nov-Dec shipment; and 45,000 MT at 178.50 $/mt c&f for Dec-Jan shipment

- Aug 8 - Israeli group bought 45,000 MT of optional origin barley, possibly Black Sea origin: 15,000 MT at 166 $/mt c&f for Oct-Nov shipment; 15,000 MT at 168 $/mt c&f for Nov-Dec shipment; and 15,000 MT at 169.50 $/mt c&f for Dec-Jan shipment

- Aug 8 - USDA announced export sales of 162,569 MT of US corn to Mexico for delivery during 2016/17

- US corn export inspections for week, ending August 4, reported 1,452,037 MT, above the market forecasts (0.9-1.2 MMT). Inspections for 2015/16 are running 0.6% behind year-ago

- USDA rated 74% of the US corn crop in good-to-excellent condition as of August 7, down 2% points from the previous week and below market expectations of 75% (74-76% – range), but ahead compared to 70% a year-ago

- Aug 9 - China sold only 13,917 MT of 2012 corn at average price of 1,676 RMB/mt (252 $/mt) out of the 1,916,081 MT of reserve corn offered at auction

SOYBEAN

- Aug 10 - Taiwan Sugar Corp seeks 15,000 MT of US soybeans for January shipment

- Aug 8 - USDA announced export sales of 246,000 MT of US soybeans to China for delivery during 2016/17

- Aug 8 - Argentina grants export licenses for 102,000 MT of soymeal

- US soybean export inspections for week, ending August 4, reported 972,001 MT, in line with the trade forecasts that ranged from 800,000 to 1,000,000 MT. Inspections for the 2015/16 marketing year are running 2.8% behind year-ago

- USDA rated 72% of the US soybean crop in good to excellent condition as of August 7, unchanged from a week earlier and matching analysts' expectations of 72% (70-73% – range), but ahead compared to 63% a year-ago

- Agroconsult expects Brazil to import 1.5 MMT of corn by the end of January 2017, with the majority of those supplies will come from Argentina and Paraguay

- GAPKI estimated Indonesia's June exports of palm oil and palm kernel oil at 1.78 MMT, up 1% from the previous month. In June, Indonesia produced 2.69 MMT, while ending stock stood at 1.80 MMT