WHEAT

- July 20 - Japan seeks 89,443 MT of food wheat for Aug-Sept shipments:

  • 17,457 MT of western white US wheat;
  • 10,110 MT of hard red winter US wheat;
  • 32,031 MT of dark northern spring US wheat;
  • 29,845 MT of Australian standard white wheat

- July 18 - Egypt’s GASC seeks an unspecified amount of wheat from global suppliers for August 21-31 shipment

- July 17 - Argentina registered 60,000 MT of wheat for export

- US wheat export inspections for week, ending July 13, recorded 578,627 MT, near the upper end of expectations. Inspections for 2017/18 are running 26.3% ahead of year-ago

- USDA estimated 75% of the wheat harvest was complete by July 16, behind of an average of analysts' expectations (78%), but in line with last year’s pace and above the 5-year mean of 73%

- USDA rated 34% of the US spring wheat crop in good-to-excellent condition as of July 16, down from 35% a week earlier and vs. 69% a year-ago, but in line with analysts' expectations

- Russia’s Ag Min said Russia exported about 591 TMT of grain between July 1-12, 2017/18, up by 1.2% from 584 TMT a year ago, including:

  • wheat – 256 TMT (384 TMT in 2016/17);
  • barley – 108 TMT (182 TMT);
  • corn – 222 TMT (11 TMT);
  • others – 5 TMT (7 TMT)

- Russia has 3,995,800 MT of grain in its federal intervention fund as of July 14 vs. 3,268,200 MT a year-ago

- IKAR raised its Russia’s 2017 wheat crop production outlook to range of 71-75 MMT from the previous 70-74 MMT

- Kazakhstan’s grain stocks as of July 1, 2017 accounted 4.78 MMT, including 4.177 MMT of wheat thereof 3.785 MMT of milling wheat compared to 3.543 MMT (incl. 3.101 MMT of wheat thereof 2.857 MMT of milling) a year ago

- Due to the outlook for little soil moisture, traders and analysts are cutting expectations for Australia's wheat production by 20% below official estimates to 19-21 MMT

CORN

- July 17 - Argentina registered 153,982 MT of corn for export

- July 17 - Argentina registered 33,000 MT of sorghum for export

- US corn export inspections for week, ending July 13, reported 1,109,638 MT, topped market forecasts (0.85-1.05 MMT). Inspections for 2016/17 are running 34.7% ahead of year-ago

- USDA rated 64% of the US corn crop as good-to-excellent as of July 16, down 1% point from the previous week and compared to 76% a year-ago, but matching expectations

- Brazilian corn exports rose sharply in the first two weeks of July as key producing states continued harvesting their second planting of the crop

SOYBEAN

- July 17 - Argentina registered for export 105,000 MT of soybeans and 215,180 MT of soymeal

- July 17 - Argentina registered 19,400 MT of sunflower meal for export

- US soybean export inspections for week, ending July 13, reported 285,972 MT, near the lower end of expectations. Inspections for the 2016/17 marketing year are running 17.3% ahead of year-ago

- USDA rated 61% of the US soybean crop as good-to-excellent as of July 16, down 1% point from prior week and compared to 71% a year-ago, but matching expectations

- NOPA said its members crushed 138.074 million bushels of soybeans during June, less than expected (143.093 million bu – avg., 141-144 mln bu – range). NOPA processors crashed 149.246 mln bu in May and 145.05 mln bu a year ago. Soyoil stocks fell to 1.703 billion lbs as of June 30 from 1.749 a month earlier, below the average expectations of 1.714 billion lbs and last year’s level of 1.985 billion lbs. Soymeal exports decreased to 562,684 tons from 592,924 tons in May and vs. 594,710 tons a year-ago

- Russia produced 2.4 MMT of sunflower oil during the first half of 2017, up 18.9% from the same period last year

- Russian union of oilseed crushers is asking to rise the export tax on sunflower seed by 10% points from 6.5 till 16.5% (with a minimum level at 100 EUR/mt)