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Private exporters reported the cancelation of sales of 327,000 tons of corn for delivery to China during the 2022-23 marketing year.


Steady soybeans, steady corn, steady Chicago to slightly higher for KC/MN protein wheat. There were no major surprises in US crop conditions.


trade on Monday for soybeans and grains. Demand destruction continues. China cancelled US corn sales and USDA export inspections came in near the lower end of expectations. Meanwhile US weather is good and Brazil soybean premiums remain weak. A few Asian countries
were on holiday. Argentina imported a record 1.3MMT of soybeans during the month of March, possibly boosting crush product availability.


estimates as of April 24







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Weather Inc.


  • U.S.
    hard red winter wheat in central and northern Kansas, Colorado and Nebraska may have experienced some damage from widespread freezes Sunday morning
    • Extreme
      lows slipped into the upper teens and lower 20s in areas where wheat was largely jointed
      • Fully
        jointed wheat can be damaged at such temperatures, but assessing the impact will be very difficult because what often happens is that the impacted crop becomes sterile
        • The
          damaged wheat in situations like this will still produce a head and it will develop into reproduction just like is normally would, but the crop may fail to fill grain because of the freeze damage harming the plant’s reproductive parts
        • In
          cases like this there can also be a tremendous amount of variance on the impact the cold from one field to another and it may be a few weeks before the impact is fully known
    • The
      combination of persistent drought this year and wild temperature extremes along with this latest freeze will hurt production, but rain coming this week could give the crop a chance to recover faster than it might have otherwise
  • Frost
    and a few freezes also impacted the Midwest this morning with wheat and corn production areas experiencing temperatures of 21-27 degrees Fahrenheit in much of Iowa, 24-32 in Missouri, 24-32 in Illinois and 25-30 in Indiana. Lows in Kentucky were in the lower
    • Most
      of these temperatures are not cold enough to induce much damage to jointed wheat because jointed wheat can usually tolerate temperatures into the middle and upper 20s
      • There
        may be some exceptions, though
    • Damage
      to leaf mass will be widespread
    • Emerged
      corn and soybeans in the Midwest will suffer from the cold temperatures today with both crops wilting and suffering damage to vegetative growth
      • If
        the growing point of both corn and soybeans is still below the surface crops would likely recover from freeze damage, but it usually takes a while, and the crop will look awful for a few weeks
        • Temperatures
          are an important factor following a freeze – if temperatures get too warm too fast the freeze damage will be worsened
          • The
            best recovery environment is usually wet and mild for a while; however, many farmers will choose to replant their early season crops because of worry over poor recovery conditions for freeze damaged crops
      • Soybeans
        have a much lower tolerance for freeze damage, but if the crop is just emerging it can recover, but if the crop has been out of the ground for a while a freeze like that of today could have a greater impact warranting some replanting.
  • U.S.
    hard red winter wheat areas will get needed rain this week
    • Most
      areas will get rain by Thursday with Tuesday and Wednesday wettest
    • Areas
      from Colorado to the heart of Oklahoma and north-central Texas will be wettest with rainfall of 0.75 to 3.00 inches resulting
      • Kansas
        and northern Oklahoma should be wettest
    • Nebraska
      and northeastern Kansas crop areas will be driest
    • Rainfall
      in the Texas Panhandle will vary from 0.50 to 1.50 inches in the northeast half of the region while amounts in the southwest will vary up to 0.50 inch
    • Wheat
      development and yield potentials will improve following the rain, although some of the driest unirrigated fields have already lost production potential that cannot be recovered
    • Summer
      crop planting conditions should improve following the storm
  • West
    Texas will get some relief from dryness this week, but mostly in the rolling Plains where rainfall of 0.50 to 1.50 inches are expected
    • Most
      of the High and Low Plains will miss out on significant rain, although a trace to 0.25 inch is expected with a few local totals to 0.65 inch possible in the northeastern low Plains
    • Rainfall
      potentials may improve for the high Plains region late next week, although confidence is low
  • U.S.
    Delta and southeastern states will see alternating periods of rain and sunshine over the next two weeks supporting fieldwork and crop development
  • U.S.
    Midwest will see a favorable pattern of sun and rain during the next two weeks allowing summer crop planting to advance, although soil temperatures will remain below average restricting drying rates at times
  • U.S.
    temperatures in the Midwest and Plains will be cooler than usual during the next ten days with some of the coolness lingering in the east through the balance of the second week ending May 9
    • Warming
      is expected in the western states this week with some of that warmer than usual weather reaching the Great Plains late next week
  • U.S.
    Planting, emergence and establishment will be slowed in the Midwest, eastern Plains, Delta and southeastern states with the anticipated cooler than usual and showery weather
  • Weekend
    rainfall in the eastern Midwest and Delta limited fieldwork as did some of the cooler temperatures that accompanied the rain
  • Canada’s
    Prairies will be cooler than usual this week with rain, drizzle and some wet snow likely in the east
    • The
      precipitation will be light, but when added to the runoff from recent snow it will raise the potential for serious flooding in the lower Red River Basin
    • Drier
      and warmer weather is needed and some of that should evolve during the second week of the two-week outlook
  • Ontario
    and Quebec wheat, corn and soybean areas will be cooler than usual during the next ten days with cooler than usual temperatures
    • The
      moisture will slow fieldwork and warming in the region will also be slow to evolve
  • California
    and the southwestern desert areas will be dry and warmer than usual during the coming week
  • No
    serious relief from drought is likely in North Africa, despite a few showers in the coming ten days
    • Spain
      and Portugal will also be drier biased, although rain will fall along the north coast of Spain and southern France this coming weekend into early next week
  • CIS
    New Lands are expected to be drier and warmer than usual during the coming week to ten days especially from the Ural Mountains region east into Russia’s eastern New Lands and northern Kazakhstan
    • The
      drier bias could lead to depleted topsoil moisture which may lead to dryness in wheat and sunseed areas in May
  • Xinjiang,
    China will experience a mix of warm and cool weather this week
    • Planting
      of corn, cotton and other crops will advance around the showers and the environment will be good for seed germination and plant emergence
    • A
      strong ridge of high pressure will evolve over Xinjiang late next week and into the following weekend inducing hotter and drier weather at which time irrigation demand will rise dramatically
  • Other
    areas in China will see a favorable mix of rain through the next ten days to two weeks
    • The
      moisture will be great for planting, emergence and establishment of spring and summer crops as well as supporting winter crop development
  • India
    will experience waves of rain and see near to below average precipitation during the next two weeks
    • Net
      week will be much wetter than this first week of the outlook
    • The
      precipitation will slow winter crop maturation and harvest progress
      • Some
        crop quality declines are possible in the wettest areas of the nation
  • Middle
    East weather will continue favorably mixed with periods of rain and sunshine over the next two weeks
    • Sufficient
      moisture will be available to support cotton and rice planting as well as corn and a few other crops
      • Wheat
        conditions are rated favorably
  • Thailand
    continues to receive less than usual pre-monsoonal precipitation raising some concern over sugarcane, rice and corn development
    • However,
      some rain of significance brought relief to dryness in eastern Thailand Sunday and earlier today and more showers are expected in the next ten days
  • Indonesia,
    Malaysia and Philippines rainfall has been lighter than usual due to the negative phase of Madden Julian Oscillation, but a change is expected that will allow improving rainfall to evolve gradually over the next week to ten days
  • Australia
    precipitation has been limited recently, but showers will evolve in the south this week to moisten the topsoil once again and allow better planting and emergence conditions in some areas, but not all
    • Favorable
      summer crop maturation and harvest progress is expected in the east-central parts of the nation through Friday of this week with some disruption expected next week
    • Western
      Australia is the state to watch for possible drying in the next few weeks
    • Southern
      Australia will get a little rain this week supporting planting of wheat, barley and canola, though more rain will be needed
  • Australia
    sugarcane production areas have experienced less than usual rainfall in recent weeks and months
    • A
      lighter than usual precipitation bias will continue for an extended period of time, although it will not be completely dry
  • Argentina
    rainfall will continue lighter than usual through the next ten days to two weeks resulting in a very good environment for summer crop maturation and harvest progress
    • Some
      periodic rain is anticipated, but the disruptions to fieldwork will be brief and no harm will come to summer crop conditions
  • Brazil
    weather will continue to be favorable over the next two weeks
    • Timely
      rainfall is expected in Mato Grosso as well as many other Safrinha cotton and corn production areas
    • Soil
      moisture should be sufficient to carry on normal crop development in areas where corn, rice, sugarcane, coffee and citrus are still developing
    • Winter
      crop planting should advance swiftly
  • Europe
    rainfall during the weekend was greatest from the U.K., Belgium and Netherlands southward through France the central Spain and northern Portugal
    • Rainfall
      was rarely more than 0.40 inch
    • Temperatures
      were mild to warm
  • Most
    of Europe and the western CIS outside of the Iberian Peninsula and parts of the Russian New Lands are experiencing favorable crop weather with little change likely for a while
    • Temperatures
      will continue near to above normal in southwestern Europe and over portions of the western CIS with cool conditions in between
    • Cooling
      is expected in the western CIS next week while it stays warm in southwestern Europe
    • Significant
      warming is expected in the western CIS late this week into next week
  • China
    reported rain in many crop areas from the upper and middle Yellow River Valley into the Yangtze River Basin and areas south into Guangdong during the weekend
    • Locally
      heavy rain fell in a part of winter wheat and some early spring crop areas of Shanxi, Shaanxi, Sichuan, Hubei and southern Anhui as well as southern Hunan where local flooding “may” have occurred
      • Improved
        wheat and spring crop planting conditions are expected following the rain event
  • Excessive
    soil moisture and some minor flooding will be possible near and south of China’s Yangtze River during the next ten days
    • Damage
      may have already occurred to some rapeseed, rice and other crops in the region in recent weeks, although most of the impact should have been localized
  • South
    Africa precipitation should be restricted for a while favoring summer crop maturation and harvest progress