WHEAT

- Sept 1 - Japan seeks 144,385 MT of food wheat:

  • 57,850 MT of western white US wheat for Oct 1-31 shipment;
  • 33,005 MT of dark northern spring US wheat for Oct 21-Nov 20 shipment;
  • 53,530 MT of Canadian western red spring wheat for Oct 21-Nov 20 shipment

- USDA estimated 81% of the US spring wheat crop was harvested as of August 28, behind last year's pace of 84%, but ahead 5-year mean of 62% and analysts' forecasts of 80% (74-85% – range)

- US wheat export inspections for week, ending August 25, recorded 511,965 MT, within the market forecasts (400-650 TMT). Inspections for 2016/17 are running 26.9% ahead of year-ago

- Ag Minister said Algeria's cereal crop dropped this year to 3.3 MMT from 4 MMT in 2015 because of drought

CORN

- Aug 29 - Argentina grants export licenses for 170,944 MT of corn

- US corn export inspections for week, ending August 25, reported 1,422,274 MT, topped market forecasts (0.8-1.2 MMT). Inspections for 2015/16 are running 1.9% ahead of year-ago

- USDA rated 75% of the US corn crop in good-to-excellent condition as of August 28, unchanged from the previous week and matching the market expectations of 75% (74-76% – range), but up compared to 68% a year-ago. USDA progress and conditions report shows 9% of the corn mature, ahead of last year's pace of 8%, but behind 5-year mean of 11% and analysts' forecasts of 13% (11-15% – range)

- A sharp drop in Brazil's corn output in 2015/16 that reduced the flow of the grain from farmlands to ports has pushed up freight costs on the return trip for fertilizer. Freight costs have risen 15 to 20% over the past 12 months in dollars

SOYBEAN

- Aug 29 - USDA announced export sales of 393,000 MT of US soybeans to unknown destinations for delivery during 2016/17

- US soybean export inspections for week, ending August 25, reported 921,137 MT, within the trade forecasts that ranged from 600,000 to 1,000,000 MT. Inspections for the 2015/16 marketing year are running 1% ahead of year-ago

- USDA rated 73% of the US soybean crop in good to excellent condition as of August 28, up 1% point from a week earlier, ahead of analysts' expectations of 72% (71-74% – range) and compared to 63% a year-ago. USDA progress and conditions report shows 5% of the soy crop dropping leaves, equalling to 5-year mean of 5%, but behind of last year's pace of 8% and analysts' forecasts of 8% (6-12% – range)