WHEAT

- July 3 - Iraq seeks at least 50,000 MT of hard wheat from either the US, Canada or Australia. The tender closes on July 3 and offers must remain valid up to July 9

- June 27 - China sold 5,765 MT of wheat from state reserves or 0.2% of the offered amount (3.02 MMT) at auction at average price of 2,453 RMB/mt (359 $/mt)

- June 27 - China auctioned 1,600 MT of imported wheat from state reserves, or 1.1% of the offered amount at average price of 2,500 RMB/mt (365 $/mt)

- USDA estimated 49% of the US winter wheat crop good to excellent as of June 25, unchanged from prior week, but below analysts' expectations of 50% and 62% a year-ago. The wheat harvest was 41% complete by June 25, ahead of the 5-year mean of 39%, but below an average of analysts' expectations for 44% and last year’s pace of 42%

- USDA rated 40% of the US spring wheat crop in good-to-excellent condition as of June 25, down from 41% a week earlier and below analysts' expectations for 41% and vs. 72% a year-ago

- US wheat export inspections for week, ending June 22, recorded 629,070 MT, at the upper end of expectations. Inspections for 2017/18 are running 32.3% ahead of year-ago

- MARS cut its yield forecast for this year's EU soft wheat to 5.86 mt/ha from 5.91 mt/ha prior month, up 5.2% from last year and 0.3% above the five-year mean

- Strategie Grains lowered its 2017 French wheat production forecast to 35.6 MMT from the previous 37.2 MMT

- Ukrainian state weather forecasters said that Ukraine's 2017 grain harvest is likely to fall by 10.6% to around 59 MMT due to poor weather; the wheat harvest could fall to 23.1 MMT from 26 MMT in 2016

- June 19 - Russia’s United Grain Company had signed a framework contract with Venezuela’s CORPOVEX to supply 300,000 MT of food wheat during 2017/18

- Russian farmers harvested 117,900 MT of all grains as of June 26, down from 1.14 MMT a year ago. Yields totalled 3.87 mt/ha up from 4.42 mt/ha a year ago

- IKAR raised its forecast of Russia’s 2017 grain crop to 111-116 MMT (120.6 MMT in 2016), including 66-71 MT of wheat (73.3 MMT in 2016)

- RusAgrotrans expects 2017/18 Russian wheat exports at 28.5 MMT versus 27.3 MMT in 2016/17. While SovEcon estimates that 2017/18 marketing year wheat exports should be around 29.5 MMT

CORN

- June 27 - South Korea's KOCOPIA bought around 60,000 MT of South American corn at 177.5 $/mt c&f for September shipment

- South Korea's Nonghyup Feed Inc. bought around 207,000 MT of optional-origin corn for November arrival

- South Korea's Major Feedmill Group last week bought around 418,000 MT of optional-origin corn at prices ranged 179.75-179.79 $/mt c&f for Oct-Nov arrival

- South Korea's Feed Leaders Committee last week bought around 68,000 MT of optional-origin corn at 178.33 $/mt c&f

- June 26 - Argentina registered 108,710 MT of corn for export

- Tanzania banned grain exports in a bid to stem rising local prices and to support the country's nascent food processing industry

- US corn export inspections for week, ending June 22, reported 965,608 MT, within market forecasts (0.9-1.1 MMT). Inspections for 2016/17 are running 40.6% ahead of year-ago

- USDA rated 67% of the US corn crop as good-to-excellent as of June 25, unchanged from the previous week, but below an average of analyst expectations (68%) and down compared to 75% a year-ago

- USDA estimated US sorghum planting 95% complete as of June 25, compared to 94% last year and an 93% five-year average

- MARS trimmed its yield forecast for this year's EU corn to 7.14 mt/ha from 7.15 mt/ha last month, up 1% from 2016 (7.07 mt/ha) and 3.8% above the five-year average

- MARS lowered its yield estimate for this year's EU barley (winter and spring) to 4.7 mt/ha from 4.76 mt/ha last month, down 3.5% from last year (4.87 mt/ha) and 2.8% below the 5-year average

- Ukraine's 2017 corn output could drop to 25.6 MMT from 28 MMT due to poor weather

- SAGIS estimated South Africa's corn stocks as of May 31 were at 2.539 MMT vs. 1.095 MMT a month ago and 2.791 MMT a year ago

- SAGIS estimated S. Africa's May corn exports at 70,853 MT vs. 87,877 MT a year ago

- SAGIS said that S. Africa didn’t import any corn in May 2017 compared to the 176,683 MT imported in May 2016

- Richardson International, Canada, had purchased European Oat Millers, England

SOYBEAN

- June 26 - Argentina registered for export 65,000 MT of soybeans and 60,000 MT of soymeal

- June 26 - USDA announced export sales of 110,000 MT of US soybeans for delivery to Bangladesh during 2016/17

- USDA rated 66% of the US soybean crop as good-to-excellent as of June 25, down 1% point from prior week and behind an average of analyst expectations of 68% and down compared to 72% a year-ago

- US soybean export inspections for week, ending June 22, reported 315,099 MT, within market expectations. Inspections for the 2016/17 marketing year are running 17.5% ahead of year-ago

- MARS upped its yield forecast for this year's EU rapeseed to 3.22 mt/ha from 3.17 mt/ha last month, 1.1% below the 5-year average but up 4.7% from 2016 (3.07 mt/ha)

- MARS raised its yield forecast for this year's EU sunflower seed to 2.18 mt/ha from 2.14 mt/ha last month, up 6% from 2016 (2.06 mt/ha) and 12% above the 5-year average (1.94 mt/ha)

- Russia exported about 1.326 MMT of sunflower oil between Sept 1-June 18, 2016/17, a 40.9%-increase from a year-ago

- Russia exported about 299,400 MT of sunseed between Sept 1-June 18, 2016/17, in 5 times up from a year-ago

- Russia exported about 310,500 MT of soybeans between Sept 1-June 18, 2016/17, down 22.4% from a year-ago

- Bunge closed on the acquisition of Turkish edible oils leader Ana Gida in March