PDF Attached
FND
day deliveries will be posted tonight. USD is higher and WTI crude slightly higher. FND deliveries are on Friday. USDA export sales were on the low end of expectations. Prices struggled to find some footing earlier ahead of the USDA grain stocks and updated
planting reports, but after soybeans caught a bid. US
weather forecast was wetter for the midday. Malaysia was on holiday today. Heart of the Midwest will see rain on and off over the next 5-6 days, heaviest during the 2-3 day period. The US Northern Plains, upper Midwest and eastern Canada’s Prairies will
see timely rain. Temperatures will be seasonable to warmer than average.
Fund
estimates as of June 29 (net in 000)
7-day
WEATHER
TO WATCH
- Hurricane
Adrian formed off the west Mexico coast Wednesday, but it will move away from land - Tropical
Depression 02E formed south of the Oaxaca/Guerrero, Mexico coast overnight and was expected to become a tropical storm.
- This
system will stay close enough to the Mexico coast to induce rain in some of the drought stricken areas in western parts of the nation over the next few days - Improved
corn, soybean and dry bean planting conditions will result - Sugarcane
and citrus conditions may improve as well - Other
areas in Mexico will continue quite dry through the weekend with “some” increase in northwestern and north-central Mexico rain next week
- Drought
remains serious in parts of central, southern and western Mexico, but the developing monsoon will bring relief in July - Southwest
U.S. monsoon pattern is not likely to evolve for at least another ten days limiting rain in the southwestern part of the United States - Thunderstorm
clusters that began in northeastern Colorado and southwestern Nebraska overnight will be the first to move across the Midwest today and tonight producing some needed rain - A
succession of thunderstorms will move from South Dakota and Nebraska through southern Iowa and northern Missouri to Illinois, Indiana, Ohio and Kentucky during the next week to possibly ten days - Sufficient
rain is expected to bolster topsoil moisture, reduce crop stress and begin to induce better corn and soybean development conditions - Rain
totals will vary 0.50 to 1.50 inches and local totals over 2.00 inches through the weekend with another 0.30 to 1.00 inch and locally more occurring - Excessive
heat that occurred from southeastern Nebraska and southwestern Iowa to Texas Wednesday will shift to the east today and Friday bringing 90-degree highs and some extremes over 100 to eastern Kansas, Missouri and southwestern Illinois as well as the Delta, but
readings will come back to a seasonable range after that - Crop
stress will be high over these next two days until the rain and cooling begins - U.S.
central and southern Plains heatwave this week has stressed livestock and some crops, but the extremes will go away this weekend
- Cooling
is likely in the U.S. southern Plains this weekend into next week and scattered showers and thunderstorms are expected in an erratic manner - West
Texas cotton, corn and sorghum areas will get some rain periodically Friday night and Saturday night with a few follow up showers next week - Rainfall
will vary greatly with some 1.00 to 2.00-inch plus amounts likely in the Texas Panhandle and a few northern counties in West Texas while 0.20 to 0.70 inch occurs in other areas.
- Most
of this rain is expected this weekend - U.S.
Delta will be heating up and drying out into Saturday and then some showers and thunderstorms may evolve with some cooling next week
- U.S.
southeastern states will experience a mostly good mix of weather during the next two weeks resulting in good crop development potential - U.S.
northern Plains will be drying out a bit for a while, but soil moisture is mostly good - Northwestern
North Dakota and northeastern Montana are driest and will dry out additionally raising the need for significant rain - U.S.
Pacific Northwest will be warmer than usual and dry biased for a while - Canada’s
Prairies will be wettest in western Alberta and in portions of Manitoba during the next two weeks - Drying
is expected in southern and easternmost Alberta and across most of Saskatchewan resulting in rising crop moisture stress and concern over production potentials - Drought
has already induced pockets of crop failures in a part of southern Alberta where this is the 7th year of drought - Ontario
and Quebec, Canada rainfall is expected to be favorably mixed over the next ten days supporting long term crop development potential - Southeastern
Argentina will experience a boost in rainfall Sunday into Monday, but relief in the west will be limited - Western
Argentina still needs rain for winter wheat crop planting and establishment - Eastern
Argentina winter crops are favorably rated - Southern
Brazil soil moisture is decreasing, but remains favorable - Brazil’s
Safrinha crops are maturing and being harvested in a favorable manner and the weather will continue to cooperate with that process - Summer
crop harvesting in both Brazil and Argentina should advance with little weather related delay.
- Europe
is expecting a favorable mix of showers and sunshine along with seasonable temperatures during the next ten days - Some
increase in rainfall is expected and will benefit recently stressed crops, but more rain will be needed - Pockets
of dryness will remain - Russia,
Ukraine, Belarus, Baltic States and northern Kazakhstan will experience a good mix of weather over the next ten days favoring normal crop development - A
boost in rainfall will be needed in Russia’s Southern Region and southeastern New Lands as well as northern Kazakhstan as time moves along - India’s
weather will be favorably mixed over the next two weeks, although the south will not receive as much rain as it needs - China
is expecting favorable weather in much of the nation - Moderate
to heavy rain is likely in east-central and northeastern parts of the nation - Light
rain is expected in north of the Yellow River, but the moisture will help to ease recent dryness and warm to hot temperatures - Much
more rain will be needed - Sugarbeet,
corn, sunseed and spring wheat north of the Yellow River – especially in Inner Mongolia will be stressed and threatened by summer heat and dryness - Xinjiang
weather will be seasonable during the next ten days with temperatures a little milder than usual initially and then warmer biased in the second week of the outlook - Recent
excessive rain in the south of China induced significant flooding in rice and sugarcane areas causing some decline in rice quality and delays in early rice harvesting - The
situation is improving with much drier weather under way now - Mainland
areas of Southeast Asia will experience more frequent rainfall next week that may finally bring some relief to the drier areas in western Thailand and Myanmar, although the situation will need to be closely monitored - Indonesia
and Malaysia rainfall will increase somewhat over the next ten days to two weeks offering some improvement to crop and field conditions after recent erratic rain and net drying - Philippines
rainfall will continue favorably mixed for a while - No
tropical cyclones are threatening the western Pacific Ocean, South China Sea or Indian Ocean today and none is expected for a while - Central
America rainfall has been timely recently and mostly good for crops, although many areas are still reporting lighter than usual amounts - A
boost in rainfall is expected over the next ten days - Drought
continues to impact Gatlin lake and the Panama Canal shipments, but some increase in precipitation is forthcoming - Eastern
Australia is expecting rain early next week; including the dry areas of Queensland and northern New South Wales - Improved
wheat and barley planting and establishment in unirrigated areas is expected - Sugarcane
harvesting will be disrupted, but the moisture will be good for ongoing cane development - Southern
Australia winter crops are rated favorable and expected to remain that way over the next two weeks as periodic rain and mild to cool weather impact those areas.
- South
Africa wheat, barley and canola areas will get some timely rainfall during the next week further supporting well-established crops - Remnants
of Tropical Storm Cindy have “some” potential to redevelop over the western Atlantic Ocean, but the system will remain over open water and not threaten the United States - There
were no other areas of disturbed tropical weather in the Atlantic Ocean, Caribbean Sea or Gulf of Mexico being monitored Sunday by the U.S. National Hurricane Center for the coming week - West-central
Africa crop conditions remain good with little change expected - Rain
will fall in a timely manner during the next two weeks - East-central
Africa weather will continue favorable for coffee, cocoa, sugarcane, rice and other crops through the next two weeks -
Today’s
Southern Oscillation Index was -4.74 and it will move erratically over the next few days with some weakening expected
Source:
World Weather, INC.
Thursday,
June 29: