PDF Attached include our US corn and wheat S&D’s

 

Under
the 24-hour announcement system, private exporters reported sales of 382,000 tons of corn for delivery to China. Of the total, 246,000 tons is for delivery during the 2022-23 marketing year and 136,000 tons is for delivery during the 2023-24 marketing year.

 

The
soybean complex ended lower but well-off session lows. Brazil harvest pressure, lower outside related markets and profit taking in meal were a few factors. Grains ended higher. Corn was up on strong export and domestic industrial demand. Wheat ended sharply
higher on US and Australian weather concerns and short covering.

 

 

Fund
estimates as of April 14

 

 

Weather

Precipitation
out west dumped additional rain and snow across multiple states. The US area covered with snow was 14.2%, up from 13.2% as of April 13th, down from 14.8% as of the 12th and compares to 17.5% April 11th.
For the northern Great Plains, the snow cover rapidly melted this week.

 

April
8…66 Percent

 

April
14…31 Percent

Map

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Twitter

https://twitter.com/NWSWPC/status/1646889575594246144?s=20

A
week of anomalously warm temperatures has led to a drastic reduction in snowpack across the Upper Midwest, with areal snow coverage decreasing from 78.8% on April 6 to 17.9% on April 13. Downstream river and stream flooding will continue to be a concern as
melting continues.

 

Map

Description automatically generated

 

World
Weather Inc.

WEATHER
TO WATCH

  • Western
    U.S. Corn Belt precipitation this weekend will set back fieldwork briefly and cool temperature down
  • Lower
    eastern Midwest weather will produce less than usual precipitation during the coming five to six days offering a good opportunity for fieldwork, though colder weather is coming in the second weekend of the outlook
  • Frost
    and freeze potentials may be on the rise for the central U.S. Plains and Midwest April 21-23, but how significant that may or may not be is still up for great debate; cooling is likely, though.
  • U.S.
    hard red winter wheat will be more vulnerable to frost and freezes April 21-23 because of recent warm to hot temperatures and another bout of the same that is expected during mid- week next week
  • U.S.
    west-central and southwestern Plains are still being impacted by significant drought and relief in the southwestern Plains is unlikely for at least a week
    • Some
      precipitation may evolve briefly when colder air arrives late next week and might be more of a possibility when the cold air abates during the week of April 23.
  • U.S.
    Delta and southeastern states have become too wet recently and fieldwork has been on hold
    • Thursday
      and early today represent the last in this current series of bit rain events
    • Drier
      weather is expected this weekend into the middle part of next week
    • Colder
      air in the eastern U.S. arriving late next week and into the following weekend will bring the next wave of more significant rain “potentially”
  • West
    Texas precipitation will remain minimal for a while, although some showers may occur when colder air arrives late next week, and additional moisture may be possible in the week of April 23 as warmer air returns
  • Southern
    California and the southwestern desert region will be dry biased for much of the next ten days
    • Runoff
      from melting snow will slowly increase as warming takes place, but cooler weather will return next week to slow the process once again
  • Red
    River Basin of the North flooding will begin this weekend, although major flooding will hold off until next week
    • Weekend
      precipitation will not be great enough to seriously worsen flood potentials, but the moisture will contribute to the runoff
    • Runoff
      is expected to slow in the eastern Dakotas and Minnesota this weekend as temperatures drop below freezing at night
    • Significant
      snow still remains on the ground in eastern North Dakota and melting will continue through next week
  • Returning
    cold air to the northern U.S. Plains and Canada’s Prairies next week may lead to significant snowfall once again possibly during the middle to latter part of next week
  • U.S.
    Pacific Northwest has seen some improved precipitation, but low soil moisture and low water reservoir levels are prevailing
  • Argentina
    will be drier than usual through the next ten days supporting summer crop maturation and harvest progress
    • Drought
      remains despite significant rainfall in March
  • Argentina
    experienced frost and freeze conditions in Buenos Aires this morning, but the impact on crops was minimal
  • Brazil’s
    monsoon pattern appears to be breaking down
    • Seasonal
      rains are shifting northward and will soon be expanding dry weather across the nation
    • Interior
      southern Brazil will stay wet in this first week of the outlook, but will be drying down after that
    • Improved
      harvest weather for first season corn, sugarcane and rice is expected
    • Safrinha
      corn and cotton development should advance favorably
  • North
    Africa will continue too dry along with Spain and Portugal over the next ten days
    • Temperatures
      will be warmer than usual
    • Crop
      stress will be expanding raising more concern over wheat and barley production as well as unirrigated spring and summer crops in Spain
  • Some
    drying has been occurring recently in southern France and Italy and that should be closely monitored especially since water supply has not be fully restored following last summer’s drought
  • Other
    areas in Europe and western Russia will continue to experience mostly favorable crop weather during the next two weeks
  • Rain
    will fall from Ukraine and Belarus into western and northern Kazakhstan this weekend maintaining some very good planting conditions for spring crops and supporting aggressive winter crop development whenever soil temperatures rise notably.
  • India
    weather is very good for winter crop maturation and harvest progress
  • Northern
    India and Pakistan cotton planting has begun and should advance well
  • Xinjiang,
    China will warm briefly today and Saturday and then turn much cooler again next week resulting in a continuation of cool soil temperatures
    • Cotton
      and corn planting has begun, but mostly in western production areas where it has been warmest
    • Northeastern
      Xinjiang continues to experience bouts of cold and some additional frost and freezes are expected next week
  • Eastern
    China weather will continue ideal in the North China Plain and Yellow River Basin with the next round of significant  moisture expected in a week to ten days
  • China’s
    Yangtze River Basin and southern coastal provinces will turn wetter next week, and some flooding may result
  • Yunnan,
    China is too dry and needs moisture for early season corn and rice as well as other crops
    • The
      province and neighboring areas are considered to be in a drought
    • Dryness
      will continue in the province cutting into rice and corn planting and production potential as well as some other crops
  • Indonesia
    and Malaysia weather has been drying down and due to the negative phase of Madden Julian Oscillation and this will continue through the coming week and possibly ten days
    • Totally
      dry weather is not expected, but rainfall may be lighter and more sporadic than usual
  • Cotton
    areas from Mali to Burkina Faso have not seen a normal start to the rainy season this year; rain is needed to support planting
  • Middle
    East Weather is beginning to dry down, but recent weeks of rain was helpful to wheat development and supported rice and cotton planting
    • Additional
      rain is needed, though
  • Tropical
    Cyclone Ilsa moved into northern Western Australia Thursday producing torrential rain and strong wind speeds
    • There
      was very little agriculture in the impacted region and damage should have been minimal
    • The
      storm also missed the Port Hedland area minimizing damage to port facilities
    • The
      storm will move across northeastern Western Australia to central Northern Territory this weekend before reaching northwestern Queensland Sunday afternoon or evening
  • Interior
    southern and east-central Alberta through west-central Saskatchewan will receive very little precipitation in the next ten days
    • Drought
      will prevail in this region
    • Other
      areas in the Prairies will receive some periodic precipitation, although it may be light
  • Southern
    Australia pre-planting weather is mostly good for wheat, barley and canola
    • Additional
      rain is expected in South Australia, Victoria and southwestern New South Wales during the coming week
  • Eastern
    Australia summer crop maturation and harvest weather has been and will continue to be favorable
  • South
    Africa late season summer crop maturation and harvest weather is very good with little change likely
  • Mainland
    areas of Southeast Asia are still in need of greater rain, although the situation is not critical
    • Poor
      pre-monsoonal shower and thunderstorm activity has been occurring in many areas and improved rainfall will soon be needed
      • This
        is impacting some early season sugarcane, rice and coffee development as well as other crops
  • East-central
    Africa precipitation will be sufficient to support favorable coffee, cocoa and, rice and sugarcane development as well as other crops
  • Mexico
    remains in a drought, though eastern and far southern parts of the nation will get some periodic rain
  • Central
    Asia cotton and other crop planting is under way and advancing relatively well with adequate irrigation water and some timely rainfall expected
  • Today’s
    Southern Oscillation Index was -0.27 and it should move erratically over the next several days and then start moving lower again.

Source:
World Weather, INC.

 

Bloomberg
Ag calendar

Monday,
April 17: