WHEAT

- Aug 15 - Iraq seeks at least 50,000 MT of milling wheat from a restricted number of grain trading houses

- Aug 15 - Jordan seeks 120,000 MT of optional-origin hard milling wheat

- Aug 14 - Egypt’s GASC seeks an unspecified amount of wheat from global suppliers for Sept 21-30 and Oct 1-10 shipments

- Egypt will permit imports of wheat with up to 13.5% moisture content for an additional nine months, extending a decision from last year

- US wheat export inspections for week, ending Aug 9, recorded 462,854 MT, topped trade expectations. Inspections for 2018/19 are running 38.1% behind of year-ago

- USDA said the US winter wheat harvest was 94% complete as of Aug 12, lagging versus analysts' forecasts (95%) and the five-year average of 96%, also below last-year pace of 97%. USDA rated 75% of the US spring wheat crop in good-to-excellent condition as of Aug 12, up 1% point from prior week and ahead of market expectation (73%), also significantly up compared to 33% a year-ago. The spring wheat harvest was 35% complete by Aug 12, ahead of market expectations (28%) and 5-year mean (27%), but down vs. last year pace (38%)

- USDA lowered its forecast of US wheat ending stocks for the 2018/19 crop year by 50 million bushels to 935 million bushels (961 million bushels – average estimates) and vs. 1.1 billion bushels in 2017/18

- USDA lowered its forecast of global wheat production by 6.6 MMT to 729.6 MMT, down 3.7% (or 28.4 MMT) from the 2017/18 record, mainly due to smaller crops in the EU. Consumption is forecast to exceed production for the first time in 6 years

- USDA cut forecast of 2018/19 world wheat inventories by 1.9 MMT to 258.96 MMT vs. 273.07 MMT in 2017/18, but above average expectation of 256.42 MMT

- EU this season in period of July 1-Aug 12, 2018/19 exported 1.34 MMT of soft wheat compared to 2.343 MMT a year ago

- Russian farmers harvested 50.4 MMT of wheat as of Aug 13, up from 48.4 MMT a year ago, yields totalled 3.48 mt/ha down from 4.35 mt/ha year ago

- SovEcon cut Russia's 2018 total grain production forecast to 109.9 MMT from 113.9 MMT previously, and wheat crop forecast by 1.2 MMT to 68.4 MMT

- IKAR cut Russia's 2018 total grain production forecast to 111.8 MMT from 112.8 MMT previously, and wheat crop forecast by 300,000 MT to 70.1 MMT

- Ukrainian farmers have threshed 23.9 MMT of winter wheat from 99% of planned area with the average yield of 3.78 mt/ha as of Aug 13. They also harvested 519,000 MT of spring wheat from 74% of planned area with the average yield of 3.56 mt/ha

CORN

- Aug 14 - Jordan has made no purchase in an international tender for 120,000 MT of optional-origin feed barley

- Aug 13 - USDA announced export sales of 213,372 MT of US corn for delivery to Mexico during 2018/19 (142,248 MT) and 2019/20 (71,124 MT)

- Aug 10 - Argentina registered 403,813 MT of corn for export

- US corn export inspections for week, ending Aug 9, reported 1,261,900 MT, within market expectations (0.8-1.6 MMT). Inspections for 2017/18 are running 1% behind of year-ago

- USDA rated 70% of the country’s corn in good or excellent condition as of Aug 12, down 1% point from prior week and matching analysts' expectations, but better than last year’s 62%

- USDA's forecasts of US corn ending stocks for both 2017/18 and 2018/19 came in above the average trade expectations. Also USDA projected the highest US corn yield on record

- USDA raised forecast of global corn production in 2018/19 by 6.8 MMT to 1,061 MMT, up 2.7% (or 27.8 MMT) from last year, with larger crops for the US, Ukraine, Zimbabwe and Serbia more than offset reductions for the EU, Brazil and Zambia. Global imports are higher, driven by record EU trade with stronger exports for the US, Ukraine and Serbia

- USDA upped forecast of 2018/19 global corn ending stocks by 3.5 MMT to 155.49 MMT, above an average of trade expectations (152.59 MMT), but down from 193.33 MMT in 2017/18

- EU this season in period of July 1-Aug 12, 2018/19 imported 1.45 MMT of corn (maize) vs. 1.86 MMT a year ago

- EU this season in period of July 1-Aug 12, 2018/19 exported 26,255 MT of corn vs. 52,417 MT a year ago

- EU this season in period of July 1-Aug 12, 2018/19 exported 797,201 MT of barley vs. 355,955 MT a year ago

- EU this season in period of July 1-Aug 12, 2018/19 exported 280,130 MT of malt in barley equivalent vs. 313,470 MT a year ago

- Russian farmers harvested 9 MMT of barley as of Aug 13, up from 7.6 MMT a year ago, yields totalled 2.64 mt/ha vs. 3.46 mt/ha year ago

- Ukrainian farmers have threshed 3.1 MMT of winter barley from almost 100% of planned area with the average yield of 3.53 mt/ha as of Aug 13. They also harvested 4 MMT of spring barley from 92% of planned area with the average yield of 2.7 mt/ha

- Ukrainian farmers have threshed 771,000 MT of peas from 96% of planned area with the average yield of 1.84 mt/ha as of Aug 13

SOYBEAN

- Aug 13 - USDA announced export sales of 142,500 MT of US soybeans for delivery to Mexico during 2018/19

- Aug 10 - USDA announced export sales of 210,000 MT of US soybeans for delivery to unknown destinations during 2017/18 (80 TMT) and 2018/19 (130 TMT)

- Aug 10 - Argentina registered 85,752 MT of soymeal for export

- US soybean export inspections for week, ending Aug 9, reported 580,824 MT, within trade estimates. Inspections for the 2017/18 marketing year are running 3.2% behind of year-ago

- USDA rated 66% of the country’s soybeans in good or excellent condition as of Aug 12, down 1% point from prior week, matching analyst expectations, but better than last year’s 59%

- USDA raised forecast of US 2018/19 soy ending stocks to an unprecedented 785 million bushels, above the range of pre-report trade estimates. USDA projected a record-large 2018 US soybean crop

- USDA raised forecast of global soybean production in 2018/19 by 7.6 MMT to a record 367.1 MMT, up 9% (or 30.4 MMT) from last year, on gains in the US

- USDA upped forecast of 2018/19 global soybean ending stocks by 7.7 MMT to a record 105.94 MMT, above range of expectations of 94-102.2 MMT (95.61 MMT in 2017/18)

- Traders are watching to see whether China resumes large-scale buying of US soybeans after shifting its purchases to Brazil due to the trade dispute. Other countries, such as Pakistan, have stepped up purchases of US soy as Brazilian premiums have climbed amid the increased Chinese demand

- EU this season in period of July 1-Aug 12, 2018/19 imported 1.542 MMT of soybeans vs. 1.695 MMT a year ago

- EU this season in period of July 1-Aug 12, 2018/19 imported 2.084 MMT of soymeal vs. 2.585 MMT a year ago

- EU this season in period of July 1-Aug 12, 2018/19 imported 154,131 MT of rapeseed vs. 180,868 MT a year ago

- EU this season in period of July 1-Aug 12, 2018/19 imported 15,053 MT of sunflowerseed vs. 34,097 MT a year ago

- EU this season in period of July 1-Aug 12, 2018/19 imported 241,009 MT of sunflower meal vs. 444,010 MT a year ago

- EU this season in period of July 1-Aug 12, 2018/19 imported 140,437 MT of sunflower oil vs. 275,636 MT a year ago

- EU this season in period of July 1-Aug 12, 2018/19 imported 636,764 MT of palm oil vs. 847,263 MT a year ago

- Russian farmers harvested 353,000 MT of rapeseed as of Aug 13, up from 309,000 MT a year ago. Yields totalled 2.01 mt/ha vs. 2.19 mt/ha a year ago

- Ukrainian farmers harvested 2.5 MMT of winter rapeseed from 99% of planned area as of Aug 13, yields totalled 2.64 mt/ha

- Malaysia will cut its crude palm oil export tax to 0% in September, down from 4.5% in August. Malaysia calculated a reference price of 2,213.73 MYR/mt for September