PDF Attached


Private exporters reported the cancellation of sales of 233,000 metric tons of corn for delivery to China during the 2022/2023 marketing year.


swings were seen today in nearby ag spreads ahead of first notice day deliveries. Corn traded sharply lower on China corn cancelations. US weather and ample global supplies pressured wheat. The soybean complex closed mixed with soybeans lower, soybean oil
sharply lower (hit a 52-week low) and meal ending mixed to unchanged. There was a good amount of crush done today. Positive US economic data rallied equities. The USD was 9 points higher by 1:15 CT and WTI crude up 10 cents. USDA export sales were within expectations.
New-crop wheat sales improved. US weather is expected to gradually improve for US Midwest planting progress and rain is in the forecast for the Great Plains this week and next week. Algeria started buying wheat (closes Friday) and Taiwan Flour Millers’ Association
seek 51,925 tons of milling wheat from the United States. Iraq bought 150,000 tons of Australian milling wheat.


– 100 = January 2022


estimates as of April 27




Description automatically generated



Description automatically generated with medium confidence



Description automatically generated


Weather Inc.


  • Drying
    and warming in Kazakhstan and southern parts of Russia’s eastern New Lands will be good for spring wheat, sunseed and other crop planting initially; however, the region will be closely monitored for signs of becoming too dry
  • Western
    Russia has seen beneficial drying for a while this month and that helped improve spring planting conditions; fieldwork has likely advanced well in recent days
    • Winter
      crop development continues to advance favorably
  • Rain
    will soon be returning to most of western Russia, Ukraine, Belarus and the Baltic States resulting in a slowdown in spring fieldwork, but the environment will be good in maintaining a favorable moisture profile after recent drying
  • China
    has had well distributed rain in the Yellow River Basin and western North China Plain this spring, but there is need for more rain in eastern parts of the North China Plain and areas north northeast into Inner Mongolia where the China Climate Center suggests
    a little pocket of drought has evolved
  • China’s
    Yangtze River Basin and especially areas to the south are quite wet even though recent rainfall has been limited
    • A
      new wave or two of rain coming up in the next ten days will keep the ground quite wet which may benefit rice, but could threaten the quality of some early season rapeseed.
  • India
    weather will become unsettled once again with greater than usual rain likely in the far south, eastern and far northern parts of the nation in the next couple of weeks
    • There
      may be some concern over crop quality for unharvested winter crops and the nation’s weather should be closely monitored
    • Temperatures
      will be cooler than usual because of the precipitation and a low pressure trough that will be present aloft over the nation
  • Middle
    East soil moisture is greatest in Turkey, but there is need for more moisture in areas to the south and east
    • The
      environment is not critical, but cotton and rice would benefit from greater rain and improved soil moisture
    • Wheat
      production was mostly good this year
  • Australia’s
    greatest rain in the next two weeks will occur Friday and Saturday in parts of New South Wales and Queensland, but it will be too brief and light for a lasting increase in soil moisture.
    • The
      improved topsoil moisture may briefly support some winter crop planting and pre-planting fieldwork, but much more rain is needed
    • Otherwise,
      precipitation will occur mostly near the south Coast over the next ten days.
  • Western
    Australia will be the state to watch closely for signs of dryness over the next few weeks
    • Some
      timely rain is expected eventually, but restricted moisture flow is expected for a while
  • Argentina
    has a slightly better chance for rain after day ten in eastern portions of the nation
    • A
      boost in precipitation is needed in wheat production areas to support planting in late May and especially June, but there is plenty of time for rain to develop
  • Brazil
    weather remains very good for Safrinha corn and cotton
    • Some
      moisture may be needed in the second half of May to support reproduction in the driest areas
      • Today’s
        soil moisture is nearly ideal
  • South
    Africa rainfall will be infrequent and light enough over the next ten days to support most late season crop needs while allowing some harvest progress to continue
  • North
    Africa, Portugal and Spain are still too dry and need significant rain
    • Not
      much is expected for a while, although some showers may impact Tunisia and northeastern Algeria briefly early next week
  • Cotton
    areas from southern Mali to Burkina Faso need significant rain to support cotton planting and establishment in unirrigated areas
  • Cotton
    in Xinjiang China needs consistent warm temperatures; fieldwork is behind normal and early season crop development  is unlikely to advance as well as usual without changes
  • Drought
    continues in central and western Mexico while recent rain in the east has improved crop and field conditions
  • This
    week’s rain in U.S. hard red winter wheat areas was greatest in central Oklahoma where 1.00 to 3.00 inches resulted
    • Other
      areas from southeastern Colorado and far southwestern Kansas into the Texas Panhandle received 0.36 to 1.35 inches
    • Portions
      of the area from the Texas Panhandle to western Kansas and eastern Colorado did not receive quite as much rain as needed to make a bit difference in the long term outlook
      • More
        rain is needed
  • Follow
    up precipitation is expected in hard red winter wheat production areas Friday and Saturday will produce another 0.10 to 0.60 inch and locally more
    • The
      moisture will still prove to be welcome and very helpful in supporting spring and summer crop planting and some improvement in winter wheat development, but more rain will be needed
  • Eastern
    U.S. Plains, Midwest, Delta and southeastern states will be quite cool over the coming week keeping soil temperatures low
    • Warming
      is expected in the Plains next week and in the Midwest, Delta and southeastern states late next week and into the following weekend
    • The
      second week of May is expected to be seasonably warm in many of these areas
  • Planting
    prospects across the U.S. Midwest will improve greatly next week as producers recognize the warming trend expected after mid-week next week and lasting at least a full week
    • Aggressive
      planting is expected
  • West
    Texas cotton, corn and sorghum areas will not get enough rain in the next ten days to seriously bolster soil moisture, but enough may eventually occur to settle the dust and begin improving topsoil moisture in a part of the region
  • Cotton,
    corn and sorghum production areas in the remainder of Texas will see improving weather for the planting, emergence and establishment of all summer crops after rain falls and the temperatures begin to warm
  • Western
    Canada’s Prairies will be warmer than usual for a while and that will raise soil temperatures, but dryness in the soil in parts of east-central and southern Alberta and west-central and interior southern Saskatchewan will prevail
    • Early
      season pea, wheat and canola planting is expected to begin soon and it will become more widespread next week
  • Ontario
    and Quebec wheat, corn and soybean areas will be cooler than usual during the next ten days with waves of rain
    • The
      moisture will slow fieldwork and warming in the region will also be slow to evolve
  • California
    may be facing another period of stormy weather in the second and third weeks of the forecast as the weather pattern in North America changes
    • A
      close watch on the situation is warranted since significant rainfall and melting snow could lead to some flooding near rivers and small streams
  • Snow
    on the ground in eastern North Dakota and Minnesota will linger for a while longer, but it should melt away with warmer weather during the next seven days
    • Some
      melting will occur this week, but it is not likely to be as warm as it may get a week to ten days from now
      • Fieldwork
        may still be another week away after the remaining snow melts and if temperatures warm as advertised.
  • Ecuador,
    far northern Peru and southwestern Colombia may be subjected to periodic bouts of flooding as ocean temperatures rise significantly ahead of the developing El Nino event
    • Some
      flooding has already occurred and more should be expected
  • East-central
    Africa precipitation will be sufficient to support favorable coffee, cocoa and, rice and sugarcane development as well as other crops
  • 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 -2.50 and it should move erratically higher over the next several days

World Weather, INC.


Ag calendar

April 27:

  • USDA
    weekly net-export sales for corn, soybeans, wheat, cotton, pork and beef, 8:30am
  • Euro
    Grain Hub Exchange & Forum, Bucharest, day 2
  • Port
    of Rouen data on French grain exports
  • Argus
    Biofuels & Feedstocks Asia Conference, Singapore, day 3

April 28:

  • ICE
    Futures Europe weekly commitments of traders report
  • CFTC
    commitments of traders weekly report on positions for various US futures and options, 3:30pm
  • Euro
    Grain Hub Exchange & Forum, Bucharest, day 3
  • FranceAgriMer’s
    weekly crop condition report
  • US
    agricultural prices paid, received, 3pm

April 29:

  • Vietnam’s
    coffee, rice and rubber export data

Bloomberg and FI



export Sales

were within expectations for the major commodities.


export sales of 311,300 tons were about three times the amount reported for the prior week and included Mexico, Japan and Germany. Soybean meal sales included Columbia, Venezuela and Dominican Republic. Soybean oil sales were minimal. Corn export sales were
400,000 tons and were primarily for Mexico, Japan and Columbia. China cancelled a corn cargo (64,300 tons). New crop all-wheat sales picked up from the previous week to 202,100 tons, high end of a range of expectations. Sorghum sales were only 1,000 tons and
pork sales were a large 54,000 tons, a marketing year high, with 32,400 tons booked by Mexico.




selected agriculture limits change effective Monday evening