WHEAT

- June 6 - Japan seeks 77,042 MT of food wheat for Aug shipments:

  • 21,062 MT of western white US wheat;
  • 12,585 MT of hard red winter US wheat;
  • 24,510 MT of dark northern spring US wheat;
  • 18,885 MT of Australian standard white wheat

- June 5 - Japan bought 12,080 MT of feed wheat for Nov 28 arrival via SBS-tender. New SBS tender for 120,000 MT of feed wheat and 200,000 MT of feed barley will be held on June 12

- US wheat export inspections for week, ending May 30, recorded 592,744 MT, near the upper end of expectations (400-600 TMT). Inspections for 2018/19 are running 4% ahead of year-ago

- USDA reports 64% of the winter wheat crop is in good to excellent condition as of June 2, up 3% points from prior week and ahead of average analyst expectations (59%), also well above last year's 37%. USDA said spring wheat was 93% planted, matching expectation, but behind the five-year average of 96% and last year's 96%. USDA rated 83% of the US spring wheat crop in good-to-excellent condition as of June 2, up compared to 70% a year-ago and well above an average of expectations (60%)

- Russian farmers have sown 11.8 million ha of spring wheat or 96.8% of planned area as of June 4 vs. 10.3 million ha a year ago

- SovEcon cut Russia's 2019 total grain production forecast to 127.2 MMT from 129.1 MMT previously, and wheat crop forecast by 0.8 MMT to 82.6 MMT. Sovecon lowered its forecast of Russian 2019/20 grain exports by 700,000 MT to 48.7 MMT, including 37.7 MMT of wheat (down 500,000 MT from previous forecast)

CORN

- June 14 - Turkey's TMO seeks 100,000 MT (10x10 TMT) of corn for June 22-July 7 shipment

- Indian state-run trading company MMTC has again postponed the offer deadline in an international tender for non-GM yellow corn now from June 6 to June 12. The shipment period has been changed to July 15-Aug 15 from July 1-31 previously

- US corn export inspections for week, ending May 30, reported 743,077 MT, near the lower end of expectations (0.7-1.1 MMT). Inspections for 2018/19 are running 0.7% behind of year-ago

- USDA said the US corn crop was 67% planted by June 2, well behind the five-year average of 96% and last year's 96%, also below an average of analysts' forecasts of 71%

- Brazil’s Trade Ministry reported May corn exports at 979,262 MT, up from 426,027 MT in April and up vs. 56,886 MT in the year-ago month

- FCStone raised its estimate of 2018/19 Brazilian all-corn crop to a record 98.2 MMT. Corn exports is expected at around 33 MMT

- Russian farmers have sown 7.8 million ha of spring barley or 99.2% of planned area as of June 4 vs. 7 million ha a year ago

- Russian farmers have sown 2.6 million ha of corn or 100.4% of planned area as of June 4 vs. 2.5 million ha a year ago

SOYBEAN

- US soybean export inspections for week, ending May 30, reported 498,771 MT, within trade expectations (400-650 TMT). Inspections for the 2018/19 marketing year are running 26.9% behind of year-ago

- USDA said 39% of the US soybean crop was planted as of June 2, behind of market forecasts (42%) and compared to 86% last year and a 79% five-year average

- USDA estimated US April 2019 soybean crush for crude oil at 5.147 million short tons, a 4.4% decrease from March and below the last year level (5.149 mln tons in April 2018). Crude soyoil stocks left almost unchanged at 1.893 billion lbs as of April 30, below the 2.316 bln lbs a year ago, while refined oil stocks were at 364.526 million lbs as of April 30 vs. 339.011 in Mar and 372.584 in April 2018. April US soy cake and meal stocks were at 337,375 tons vs. 465,159 in Mar and vs. 404,468 tons a year-ago

- Brazil’s Trade Ministry reported April soybean exports at 10.526 MMT, up from 10.053 MMT in April but down vs. 12.353 MMT a year ago. Also Brazil exported 1.648 MMT of soymeal in May versus 1.523 MMT the month before and 1.653 MMT a year ago; and 252,578 MT of soyoil compared to 67,322 MT in April and 123,885 MT a year ago

- Russian farmers have sown 8.1 million ha of sunflower or 103.6% of planned area as of June 4 vs. 7.5 million ha a year ago

- Russian farmers have sown 2.3 million ha of soybeans or 76.3% of planned area as of June 4 vs. 2,4 million ha a year ago