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exporters reported the following sales activity:

metric tons of corn for delivery to Mexico during the 2023/2024 marketing year

metric tons of soybean oil for delivery to unknown destinations during the 2022/2023 marketing year



winter wheat conditions worst since 1996 and that could allow wheat to open 5-8 cents higher tonight.

1-3 higher. US plantings were 2 percent complete, as expected.

steady to higher (crush was slightly above expectations while implied product demand slowed during February)

steady – $1.00 lower

oil steady


cut crude oil production by 1.2 million barrels per day, and mineral oil and WTI crude prices surged. The USD was down 44 points. CBOT soybeans and soybean oil rallied. Nearby meal was on the defensive on product spreading. Argentina is expected to detail
plans on their soybean dollar on Wednesday. Corn ended higher but well-off session highs. Same with Chicago wheat. KC and MN ended lower in part to lower EU wheat futures and slight correction to spreads against Chicago.


estimates as of April 3


ratio (2.34)





Description automatically generated


Weather Inc.


  • New
    snowstorm in U.S. Northern Plains and upper Midwest during mid-week this week will further raise the potential for severe flooding in the Red River Basin later this month
    • New
      snowfall will vary from 6 to 20 inches from South Dakota to northern Minnesota and southeastern Manitoba
    • Serious
      precautions should now be taken in flood prone areas of the Red River Basin to minimize damage when the snow melts
      • Snow
        water equivalents today vary from 4.00 to nearly 10.00 inches across the Red River Basin, a part of the Missouri River Basin in North Dakota and in the uppermost Mississippi River Basin and especially the western Great Lakes region
        • Another
          storm is coming as noted above
      • The
        rate in which snow melts will determine the seriousness of flooding and that in conjunction with new precipitation will determine whether or not the region will be faced with prevent plant conditions this spring
    • Warming
      is likely in the next ten days to two weeks with the April 9-15 period possibly warming above normal
    • Moisture
      totals this week will vary from 0.50 to 1.75 inches
  • U.S.
    Northern Plains and upper Midwest weekend snowstorm left behind impressive snow accumulations
    • 18
      inches at Miranda, S.D. and 18-22 inches in northeastern Wisconsin and southwestern Upper Michigan
    • 4-14
      inches of snow occurred from the middle Missouri River Valley of South Dakota to west-central Minnesota
    • Snowfall
      of 6 to 18 inches occurred from the Minneapolis, MN area to the remainder of upper Michigan
    • Moisture
      totals of 0.40 to 2.10 inches occurred from eastern Minnesota to upper Michigan while 0.05 to 0.35 inch occurred in South Dakota and west-central Minnesota
  • A
    severe thunderstorm outbreak is possible in the Midwest, Delta and areas west through Arkansas to eastern Oklahoma Tuesday into Wednesday
    • Several
      weather Friday night into Saturday was substantial with 95 tornadoes reported and widespread significant wind damage from the Plains into the Midwest
      • Numerous
        reports of hail were received as well from Iowa and Missouri to Illinois, Indiana and the Delta.
    • As
      reported on Friday, March 24, by World Weather, Inc. years that start off with a near record pace of tornado reports usually continue to follow that pace during the spring and Friday’s severe weather and that expected Tuesday will continue to show verification
      on that study
  • U.S.
    Delta and southeastern states will experience waves of rain and some strong to severe thunderstorms this week producing heavy rain, damaging wind, hail and tornadoes
    • Rainfall
      will vary from 2.00 to more than 5.00 inches from eastern Texas to southern portions of Tennessee River Basin with 1.00 to 3.00 inches in the southeastern corner of the nation
  • U.S.
    hard red winter wheat areas will be dry for the next ten days
    • Temperatures
      will be mild early to mid-week this week and then much warmer next week
      • The
        heat and dryness will stress some of the wheat crop and livestock
  • California
    storminess will take a break over the next ten days
  • Precipitation
    will occur in the U.S. Pacific Northwest periodically later this week into next week and the light moisture will be good in raising topsoil moisture after lighter than usual precipitation bias in the Yakima Valley and neighboring areas
  • Canada’s
    Prairies will continue to see limited precipitation except in southern Manitoba where heavy snow is likely later this week
    • Red
      River Basin flooding is likely in southern Manitoba later this month and preparations should be made now over the potential for serious flooding
  • U.S.
    Midwest will receive additional precipitation over the next ten days, but resulting amounts in the lower and eastern parts of the region will be lighter than usual with 0.20 to 0.75 inch expected
  • China’s
    upper Yellow River Basin and central parts of Inner Mongolia received 0.60 to nearly 3.00 inches of rain during the late weekend and overnight
    • The
      moisture will shift to the east today passing through the lower Yellow River Basin and into the North China Plain and a part of the Northeast Provinces
    • Rainfall
      of 0.50 to 1.50 inches is expected
    • All
      of the rain will bolster soil moisture for use by wheat and other winter and spring crops
  • China’s
    Yangtze River Basin will trend wetter again this week after a period of welcome drying
    • Rain
      totals of 1.00 to 6.00 inches will occur by this weekend inducing some local flooding
    • Some
      rain already began impacting the region overnight
  • India
    rainfall during the weekend was greatest from far northern wheat and some eastern rapeseed areas through the Ganges River Basin to the far Eastern States
    • Sufficient
      rain fell to raise crop quality issues once again
    • Wheat
      quality has been hurt most significantly in recent weeks because of frequent rain, but rice and some pulse crops and perhaps a few rapeseed and mustard crops may have also been negatively impacted
      • The
        impact of too much rain has been greatest on wheat
  • India
    and Pakistan will see much drier weather over the next two weeks
    • Recent
      rain will support aggressive early season cotton planting
    • Wheat
      will benefit greatly from the change
  • Yunnan,
    China is too dry and needs moisture for early season corn and rice as well as other crops
    • Dryness
      will continue in the province cutting into rice and corn planting and production potential as well as some other crops
  • Southern
    Argentina, Uruguay and southern Rio Grande do Sul, Brazil are unlikely to receive much precipitation in the next week to ten days
    • The
      drier bias will support crop maturation and harvest progress
  • Center
    south Brazil will experience increasing rainfall later this week into next week
    • The
      moisture will help to saturate the topsoil once again in support of Safrinha and other late season crops
      • A
        part of the region has been drying out recently and this will help to reverse the trend and saturate the soil again before seasonal rains end later this month
  • Northern
    and central Argentina precipitation during the next ten days will be sufficient to maintain favorable late season crop development, but it may also interfere with early season summer crop maturation and harvest progress
  • A
    tropical cyclone may form east southeast of the Philippines later this week and will be closely monitored for possible influence on the archipelago this weekend or next week
    • Landfall
      is not inevitable, but a possibility
  • Southeast
    Asia rainfall will continue favorably distributed for the next ten days to two weeks; this is true for Indonesia, Philippines and Malaysia as well as the maintain crop areas
    • Mainland
      areas will not receive as much rain as usual
      • March
        was notably drier biased
  • Eastern
    Africa precipitation will be sufficient to support favorable coffee, cocoa and, rice and sugarcane development as well as other crops
  • Turkey
    will be the wettest Middle East nation in the coming week while net drying occurs in other areas
    • Recent
      precipitation has been good for wheat development and rice and cotton planting
  • Spain
    will continue dry biased for at least another week and possibly for 8-9 days
  • Portions
    of North Africa received rain Sunday and some of it will linger today
    • Rain
      totals varied from 0.25 to 1.10 inches and through this morning with a local total of 2.16 inches in far northeastern Algeria
    • Another
      0.50 to 1.50 inches of rain will occur today
  • Western
    Europe will be drier biased over the coming week while Eastern Europe is sufficiently wet to bolster topsoil moisture
    • Relief
      from drought is likely in the lower Danube River Basin and parts of Romania
  • Western
    CIS weather is advertised to be not as wet this week in western Russia and the Baltic States as suggested last week, but wetter in Ukraine, southern Belarus and western parts of Russia’s Southern Region
    • Sufficient
      moisture is expected throughout the western CIS to maintain a good prospect for winter and spring crops throughout the region
  • West-central
    Africa rainfall is expected periodically in the next two weeks to support ongoing coffee, cocoa, rice and sugarcane development
    • A
      boost in rainfall is needed in cotton production areas to support the best planting environment
  • Central
    Asia cotton and other crop planting is under way and advancing relatively well with adequate irrigation water and some timely rainfall expected
  • Limited
    rainfall in eastern Australia will be great for summer crop maturation and harvesting
  • A
    boost in precipitation will be needed in southern Australia in the next few weeks to support wheat, barley and canola planting
    • The
      outlook is favorable
  • South
    Africa weather will be mostly good over the next two weeks with a mix of rain and sun supporting corn, sorghum, sunseed, soybeans, rice, cotton, citrus sugarcane and other crops
    • Rainfall
      will be limited in this first week of the outlook and then increase this weekend and next week
    • Production
      potentials are high late summer weather is mostly very good
  • Mexico
    drought will continue this month, although there will be some periodic opportunity for rain in eastern parts of the nation through much of the next ten days
  • Central
    America rainfall will be greatest in Guatemala and from Costa Rica to Panama during the next ten days
    • Net
      drying is likely in portions of Honduras and Nicaragua
  • Southeastern
    Canada’s corn, wheat and soybean production region is favorably moist and poised for a good start to spring, although fieldwork is still a few weeks away
  • Today’s
    Southern Oscillation Index was -4.06 and it was expected to move lower over the next few days


World Weather, INC.