WHEAT

- Aug 24 - Syria's Hoboob is seeking 1 MMT of soft wheat from Russia

- Aug 18 - Japan seeks 87,430 MT of food wheat:

  • 32,870 MT of dark northern spring US wheat for Sept 21-Oct 20 shipment;
  • 32,010 MT of Canadian western red spring wheat for Sept 21-Oct 20 shipment;
  • 22,550 MT of Australian standard white wheat for December shipment

- Aug 23 - Jordan seeks 100,000 MT of optional origin hard milling wheat

- Aug 16 - Jordan cancelled tender to buy 100,000 MT of optional origin hard milling wheat

- Philippines purchased about 110,000 MT of feed wheat, likely from the Black Sea region, in a tender which closed last week:

  • 55 MT from Glencore at 188.90 $/mt c&f for Oct 27-Nov 27 shipment;
  • 55 MT from Bunge at 191 $/mt c&f for Nov 20-Dec 10 shipment

- USDA estimated 97% of the US winter wheat crop was harvested as of August 14, behind last year's pace of 99%, but ahead 5-year mean of 95%

- USDA estimated 66% of the US spring wheat crop in good to excellent condition as of August 14, down 2% points from prior week and compared to 70% a year-ago. US farmers harvested 48% of spring wheat by August 14, ahead analysts' forecasts of 45% (42-48% – range), the last year's pace of 46% and 5-year mean of 30%

- US wheat export inspections for week, ending August 11, recorded 625,154 MT, above the market forecasts (400-600 TMT). Inspections for 2016/17 are running 29.9% ahead of year-ago

- Egypt has tightened its agriculture quarantine regulations, imposing a rule that will prevent grain shipments suspected of contamination from being offloaded until they receive test results

- Germany's association of farm cooperatives cut its estimate of country's 2016 wheat crop to 24.21 MMT from July estimate of 25.4 MMT, an 8.8% reduction from last year

- Russia's Grain Union expects 2016 Russian grain crop in a range of 114-118 MMT, including 69.5 MMT of wheat. Russia has about 120 MMT of grain storage capacity, however only 40% of facilities are capable of securing good quality. Russia's 2016/17 grain exports are forecasted at 38.5 MMT, including 28 MMT of wheat

- Russian farmers harvested 51.65 MMT of wheat from 50.9% of the planned area as of August 16, up from 42.03 MMT a year ago. Yields totalled 3.67 mt/ha up from 3.26 mt/ha a year ago

- Kazakh farmers harvested 1.77 MMT of all grains as of August 15, up from 1.42 MMT a year ago. Yields totalled 2.15 mt/ha up from 1.66 mt/ha a year ago

- Ukrainian farmers harvested 26.4 MMT of wheat from 99% of the planned area as of August 15, down from 26.7 MMT a year ago. Yields totalled 4.28 mt/ha up from 3.94 mt/ha a year ago

CORN

- Aug 17 - Algerian's ONAB tenders to buy 25,000 MT of corn for Sept-Oct shipment

- Aug 16 - China sold 17,718 MT of corn from state reserves, or 0.9% of the offered amount (1,902,177 MT), at average price of 1,587 RMB/mt (239 $/mt)

- US corn export inspections for week, ending August 11, reported 1,172,641 MT, in line with market forecasts (1.1-1.3 MMT). Inspections for 2015/16 are running just ahead of year-ago

- USDA rated 74% of the US corn crop in good-to-excellent condition as of August 14, unchanged from the previous week and matching market expectations of 74% (72-76% – range), but ahead compared to 69% a year-ago

- Brazil's Ag Min plans to rebuild its strategic public corn stockpiles to 2-2.3 MMT in 2017, from the current 700,000 MT

- Germany's association of farm cooperatives lowered its forecast of country's 2016 corn crop to 4.04 MMT from 4.54 MMT in July, but 1.9% growth from last year

- Germany's association of farm cooperatives estimates the country's 2016 winter barley crop at 8.7 MMT (9.2 MMT – previous forecast in July), down 9.1% from last year; and spring barley crop at 1.82 MMT (1.94 MMT – previous forecast), down 8.8% from 2015

- Russian farmers harvested 12.65 MMT of barley from 56.6% of the planned area as of August 16, up from 10.2 MMT a year ago. Yields totalled 2.68 mt/ha up from 2.53 mt/ha a year ago

- Ukrainian farmers harvested 9.8 MMT of barley from 99% of the planned area as of August 15, up from 8.5 MMT a year ago. Yields totalled 3.41 mt/ha up from 3.04 mt/ha a year ago

SOYBEAN

- Aug 16 - USDA announced export sales of 119,000 MT of US soybeans to China for delivery during 2016/17

- US soybean export inspections for week, ending August 11, reported 746,371 MT, below the trade forecasts that ranged from 800,000 to 1,000,000 MT. Inspections for the 2015/16 marketing year are running 2% behind year-ago

- USDA rated 72% of the US soybean crop in good to excellent condition as of August 14, unchanged from a week earlier and matching analysts' expectations of 72% (71-73% – range), but ahead compared to 63% a year-ago

- NOPA said its members crushed 143.715 million bushels of soybeans during July, which fell below expectations (146.729 million bu – avg., 142.643-150.0 mln bu – range) and lower than a year earlier. NOPA processors crashed 145.05 mln bu in June and 145.227 mln bu a year ago. Soyoil stocks fell to 1.743 billion lbs as of July 31 from 1.985 a month earlier, and below expectations of 2 billion lbs but still above last year's level of 1.624 billion lbs. Soymeal exports fell to 579,417 tons from 594,710 tons in June and 590,582 tons a year ago

- Germany's association of farm cooperatives cut Germany's 2016 winter rapeseed output estimate from 4.94 to 4.46 MMT this month, now down 10.9% from 2015

- Russian farmers harvested 166,800 MT of rapeseed from 8.8% of the planned area as of August 16, down from 259,500 MT a year ago. Yields totalled 1.9 mt/ha down from 2.07 mt/ha a year ago

- Ukrainian farmers harvested 1.1 MMT of rapeseed from 96% of the planned area as of August 15, down from 1.7 MMT a year ago. Yields totalled 2.62 mt/ha up from 2.57 mt/ha a year ago

- China and Canada failed to reach an agreement in Beijing on China's plans to tighten import inspections on Canadian canola since Sept 1. Canada says talks will continue

- Malaysia will keep its crude palm oil export tax at 5% in September, unchanged from August. Malaysia calculated a reference price of 2,471.3 MYR/mt (612.5 $/mt) for September