PDF attached




soybean complex on light selling, slowing US demand for soybeans, and mostly lower lead from outside markets. Palm oil hit a one week low. The US energy markets are lower and USD higher. There were no surprises in USDA’s crop progress report. Rain will fall
across CO, KS, NE, and northern Texas through Friday. The Midwest will see rain through Friday,  then again eastern areas later this week. Most of Brazil’s second corn crop growing areas will see rain one time or another this week. Corn futures are lower on
improving US weather and steady US corn planting progress.
is mostly lower (Chicago and KC) but poor US crop conditions are limiting losses.


estimates as of April 24





Description automatically generated


Weather Inc.


  • Rain
    will develop in U.S. hard red winter wheat areas today and continue periodically through Friday
    • Relief
      from long term drought is expected
  • Follow
    up rain is expected in the U.S. Central and southern Plains during May
  • West
    Texas will not get much rain from this week’s rain, but showers and thunderstorms are expected to increase with time during May
  • U.S.
    temperatures in the Plains and eastern states will be below normal over the coming week with eastern parts of the nation still cooler biased next week
    • Cool
      conditions and periodic precipitation will keep spring fieldwork slow, but it will be good for wheat development
  • No
    changes in South America weather were noted overnight
  • Drought
    continues in Spain and North Africa with little opportunity for change
  • The
    remainder of Europe and the western CIS is experiencing great spring weather
  • Kazakhstan
    and southern parts of Russia’s eastern New Lands are drying down, but the environment is great for spring planting
  • China
    weather will continue favorable for winter and spring crops the next two weeks
  • India
    will experience some harvest disrupting showers and thunderstorms during the next ten days; temperatures will be milder than usual in parts of the nation
  • Southern
    Australia precipitation is expected to be sporadic for a while with southeastern areas wettest
    • Interior
      Western Australia will need greater rain in May
  • Cotton
    areas from Mali to Burkina Faso remain drier than usual and rain is needed for planting
  • Recent
    showers in Thailand and Vietnam has eased some dryness, but more rain is needed

World Weather, INC.


Ag calendar

April 26:

  • EIA
    weekly US ethanol inventories, production, 10:30am
  • Euro
    Grain Hub Exchange & Forum, Bucharest, Romania, day 1
  • Argus
    Biofuels & Feedstocks Asia Conference, Singapore, day 2
  • Commodity
    Trading Week conference, London, day 2
  • Canada’s
    StatsCan to release seeded area data for wheat, barley, canola and soybeans
  • Brazil’s
    Conab to publish cane, sugar and ethanol production data

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