PDF Attached

 

USDA
released its annual baseline S&D’s

https://www.usda.gov/media/press-releases/2020/10/26/usda-announces-early-release-select-commodity-tables-usdas

  • USDA
    FORECASTS 2021/22 U.S. CORN PLANTINGS AT 90.0 MILLION ACRES, CROP AT 14.890 BILLION BUSHELS
  • USDA
    FORECASTS 2021/22 U.S. SOYBEAN PLANTINGS AT 89.0 MILLION ACRES, CROP AT 4.465 BILLION BUSHELS
  • USDA
    FORECASTS 2021/22 U.S. ALL-WHEAT PLANTINGS AT 46.0 MILLION ACRES, CROP AT 1.890 BILLION BUSHELS
  • USDA
    PROJECTS 2021/22 U.S. CORN ENDING STOCKS AT 2.257 BILLION BUSHELS, SOY ENDING STOCKS AT 255 MILLION BU, WHEAT ENDING STOCKS AT 830 MILLION BU

 

 

Weather
and Crop Progress

 

 

 

 

MOST
IMPORTANT WEATHER IN THE WORLD

  • Argentina
    and Brazil received insignificant precipitation during the Friday through Sunday period and temperatures were warm enough to accelerate drying across both countries
    • Topsoil
      moisture was already exhausted in Argentina Friday outside of Buenos Aires and immediate bordering areas.
    • Topsoil
      moisture in Brazil was already short to very short from western Rio Grande do Sul and Paraguay to western Sao Paulo, southwestern Minas Gerais and parts of southeastern Goias Friday with short topsoil moisture in Mato Grosso do Sul
    • Limited
      rain and warm weather during the weekend has further depleted soil moisture and raised stress for recently emerged crops in all of the above areas
    • Soil
      conditions are rated favorably in Bahia, northern and eastern Minas Gerais, Espirito Santo, Rio de Janeiro and eastern Mato Grosso, but timely rain must continue
    • The
      next ten days of rain will be of critical importance for grain, oilseeds, cotton, rice, sugarcane, citrus and coffee
      • Confidence
        is high that all of these areas will get rain sufficient to maintain crop development except in far southern Brazil and eastern Argentina
    • Rain
      did develop in Paraguay and a few immediate neighboring areas of Brazil Sunday and overnight along with a few random showers of limited significance in Argentina
  • South
    America rainfall over the next ten days will be most significant from Mato Grosso, Bolivia, Paraguay and northern Argentina to Minas Gerais, Espirito Santo, Rio de Janeiro, Sao Paulo and Parana, Santa Catarina and northern Rio Grande do Sul
    • All
      crops in these areas will receive enough rain for at least temporary improvement in topsoil moisture; however, some of the precipitation will be erratic and light leaving pockets of drier soil and leaving some concern in the long term outlook
    • Northeastern
      Brazil will be driest over the next ten days; including Bahia, Piaui and Tocantins in Brazil and from western and southern Rio Grande do Sul, Brazil into much of eastern Argentina
      • Net
        drying is expected in these areas resulting in some crop stress
    • Temperatures
      will be seasonable in the next two weeks
  • South
    Africa’s topsoil moisture Friday was rated mostly favorable, but dryness was present in the far east and from the heart of Free State into southern Northern Cape and western parts of Eastern Cape
    • Recent
      rain has improved crop and field conditions, but more is needed and more is coming
  • South
    Africa will experience frequent rain in the central and east over the next ten days bolstering topsoil moisture and improving spring and summer crop planting and establishment conditions
    • Winter
      wheat, barley and canola harvest progress may have been briefly slowed during the weekend due to showers in the west, but this week will be drier protecting grain quality and promoting fieldwork
  • Russia’s
    Southern Region, Ukraine and Kazakhstan will receive minimal precipitation over the coming week
    • Soil
      temperatures are still supportive of some crop development, but cooling is bringing down soil temperatures and crop dormancy is not far away
    • Recent
      precipitation has improved topsoil moisture just enough to improve some crop establishment, but most wheat, barley, rye and rapeseed will be vulnerable to winterkill this year if temperatures drop to critical levels without sufficient snow on the ground
      • There
        is no threat of such conditions in the next couple of weeks, but time has mostly run out for better crop establishment prior to dormancy
  • Australia
    weekend precipitation was infrequent and light allowing fieldwork to advance favorably
    • The
      only exception was in central Queensland where locally strong thunderstorms produced 0.80 to 2.20 inches of rain benefiting a few summer grain, cotton and oilseed areas
    • Winter
      grain and oilseed maturation and harvesting advanced well in the south
    • Soil
      moisture was good for spring and summer crop planting in New South Wales, but there is still need for significant rain in Queensland
    • Weather
      over the next ten days will be dry biased supporting winter crop maturation and harvest progress and summer grain and cotton planting
    • Rain
      is needed in Queensland and parts of New South Wales and this need will increase for summer crops over the next ten days
  • China
    weather during the weekend was mostly dry and temperatures were mild to warm
    • Soil
      conditions have been drying out recently in the North China Plain and Yellow River Basin which is not unusual for this time of year, but winter crops would benefit from some rain
      • Dry
        weather in much of eastern China recently has been great for winter crop planting and summer crop harvesting
    • Little
      rain is expected over the next week
    • Rain
      is expected to increase in parts of east-central China, the Yellow River Basin and North China Plain Nov. 16-20
      • The
        moisture boost should prove to be very well timed and beneficial to winter crop establishment
  • India
    rain during the weekend was limited to the far south which is not unusual for this time of year.
    • The
      moisture was good for winter crop planting and development, but a little disruptive to summer crop maturation and harvesting
    • Similar
      conditions were expected for the next ten days
      • Harvesting
        and planting should advance well around the showers
  • Europe
    weekend weather was limited to southwestern France, Spain and Portugal and sufficient amounts resulted to support improved topsoil conditions
    • Soil
      moisture Friday was rated mostly favorably for winter crops, but some dryness continues in pockets across the Mediterranean region
    • Soil
      temperatures remain warm enough for additional winter crop development except from northeastern Romania into western Ukraine, Belarus and Baltic States where crops are becoming semi-dormant
    • Europe’s
      weather over the next ten days will be limited on precipitation allowing late season farming activity to advance swiftly
      • Winter
        crops will become a little better established as temperatures remain warmer than usual
  • North
    Africa received a few erratic showers during the weekend, but the region still needs a general soaking in the next few weeks to bolster soil moisture for autumn planting of wheat and barley
    • Not
      much rain is expected for a while
  • U.S.
    weather during the weekend was dry east of the Rocky Mountains except in central Montana and in a parts of the northern Plains and upper Midwest where rain and snow evolved along
    • Moisture
      totals in central Montana ranged up to 0.86 inch through dawn today
      • Doppler
        Radar suggested some locations in central Montana had received 0.50 to 1.50 inches through Sunday afternoon
      • snowfall
        ranged from 9 to 14 inches with local totals to 19 inches om interior northeastern and north-central Montana 1 to 3 and local totals to 8 inches in southern and interior southeastern parts of the state
    • Rain
      and a some snow developed Sunday night and early today in Minnesota and the eastern Dakotas with moisture totals to 0.77 inch
    • Rain
      also fell in the Pacific Northwest during the weekend with up to 0.77 inch in the Columbia River Basin with 1.34 inches of rain in northern Nevada
    • Weekend
      temperatures were quite warm to hot for this time of year in the central and southern Plains with highs in the 70s and some 80s Fahrenheit
      • Windy
        conditions also occurred in the central and southern Plains and western Corn Belt
    • Windy
      conditions also occurred in the northern Plains during the weekend with speeds in 30 to 50 mph and some greater gusts
  • Montana’s
    blizzard that occurred during the weekend extended into the central Canada Prairies and it will end today
    • Moisture
      totals in Canada reached 2.75 inches in southwestern Saskatchewan and 1.89 inches at Kindersley, SK (located in west-central parts of the province)
      • Moisture
        totals in Alberta ranged from 0.05 to 0.80 inch while Saskatchewan reported 0.25 to 0.80 inch outside of the areas noted above
      • Manitoba
        precipitation was minimal with a trace to 0.15 inch
    • Travel
      delays and livestock stress will continue today, although the worst weather is over
  • Rain
    with some snow and sleet will occur in the western U.S. Corn Belt early this week before shifting to the Great Lakes region during mid-week
    • Moisture
      totals will vary from 0.30 to 1.25 inches with local totals approaching 2.00 inches
  • Southeastern
    U.S. weather will be marred by periods of rain from Tuesday night through Friday with Virginia and the Carolinas wettest
    • Rain
      totals of 1.00 to 4.00 inches and locally more will result
  • Very
    little precipitation will occur in the Great Plains from the Dakotas through eastern Colorado and western Kansas to western Texas
    • These
      areas will not be totally dry, but the light precipitation expected will be brief having little impact on winter crop conditions or establishment
      • These
        areas will continue drier biased through Nov. 20 and perhaps into the week of Nov. 22
  • Waves
    of precipitation are expected in the Pacific Northwest and Great Basin  during the next ten days with some rain in central and northern California as well
    • The
      moisture will be welcome and should improve soil moisture for better winter crop establishment
    • Mountain
      snowpack should increase for better runoff in the spring
  • West
    Texas precipitation will be quite limited through the next ten days especially in the high Plains region
    • Some
      rain is expected in the Rolling Plains Thursday into Friday
  • U.S.
    Delta weather will continue dry biased through the next ten days favoring fieldwork of all kinds
    • There
      is some potential for precipitation in the north, but central and southern areas will be dry biased
  • U.S.
    Corn and Soybean areas of the Midwest will experience alternating periods of rain and sunshine over the next couple of weeks which may slow some forms of fieldwork and a little drier weather might be welcome
    • However,
      most of the rain will be great enough to seriously impact fieldwork for an extended period of time
  • Southeast
    Canada’s grain and oilseed areas will experience a little precipitation Tuesday and during the coming weekend with good drying conditions most other days
    • The
      environment will be good for harvesting
  • Tropical
    Storm Eta may become a hurricane tonight and Monday
    • The
      storm moved across central Cuba early Sunday with rain and wind from the storm impacting sugarcane and citrus areas
      • Damage
        to citrus, sugarcane and unharvested rice may have occurred
      • Flooding
        resulted
    • The
      storm center at 0700 EST today was located 55 miles west northwest of Dry Tortugas, Florida or 80 miles west northwest of Key West, Florida moving northwesterly at 13 mph and producing maximum sustained wind speeds of 65 mph.
      • Waves
        of rain impacted Florida, the Bahamas and Cuba during the weekend and early today
        • Damage
          to Florida citrus and sugarcane is not expected to be significant, but a little citrus fruit droppage is possible in southwestern production areas
        • Peak
          wind speeds reported in the past two days have varied from 22 to 45 mph
      • Citrus
        in the remainder of Florida’s peninsula will be impacted by occasional rain, but no damaging conditions
      • Broward
        County Florida has received more than 12.00 inches of rain since Friday resulting in some significant flooding
      • Heavy
        rain and flooding also occurred from southern Palm Beach County to Miami County and farther southwest through the Florida Keys where 3.00 to 6.00 inches resulted
    • Eta
      will move westerly this morning and then west southwesterly this afternoon. The storm could move more to the southwest and might end up a short distance north of the western tip of Cuba in a couple of days
    • The
      storm will then turn more to the north northeast during the balance of next week bringing the storm inland over the Cross City area of Florida at the end of this week or during the weekend
    • Eta
      will weaken as it comes northward
  • Eta
    may not be the last tropical cyclone to impact the Atlantic Ocean, Caribbean Sea or Gulf of Mexico
    • Another
      disturbance may form in the southern Caribbean sea late this week and during the weekend
    • A
      subtropical storm may also be forming in the central Atlantic Ocean, but it will move away from North America
  • Tropical
    Storm Etau evolved over the South China Sea Sunday and was located 273 miles southeast of Da Nang, Vietnam at 12.5 north, 110.9 east. Movement was west southwesterly at 9 mph while maximum sustained wind speeds were reaching 46 mph
    • Etau
      will move west southwesterly into southern portions of Central Vietnam tonight and Tuesday
      • The
        storm will come inland as a weakening tropical storm producing heavy rain and moderate wind that might impact personal property, coffee and other crops produced from the coast into the Central Highlands through mid-week this week
  • Tropical
    Depression Vamco east of Philippines will become a tropical storm today and a typhoon prior to hitting the Philippines Wednesday. The storm will move across southern Luzon Island Wednesday before moving farther to the west into central Vietnam during the coming
    weekend
    • Excessive
      rainfall may impact both northern parts of the Philippines and central Vietnam
      • Damage
        to crops and property is expected  in both countries
  • Multiple
    precipitation events impacting Vietnam’s central coast over the next week will result in rain totals of 6.00 to 15.00 inches and local totals in excess of 20.00 inches.
    • Flooding
      has been and will continue a serious impact along the central Vietnam coast where impressive rain totals in the past 30 days
    • More
      disruption to commerce and shipping will occur because of the additional rain
  • Southern
    Oscillation Index was +2.57 this morning; the index will rise later this week
  • Mexico
    precipitation will be quite limited over the coming week favoring summer crop maturation and harvesting
  • Portions
    of Central America will remain wetter than usual into mid-month
    • Rain
      will be greatest in Guatemala, El Salvador, Costa Rica, Nicaragua and Panama
  • West-central
    Africa will experience erratic rain through the next ten days favoring crop areas closest to the coast
    • Daily
      rainfall is expected to be decreasing as time moves along which is normal for this time of year
  • East-central
    Africa rain will be erratic and light over the coming week in Ethiopia while rain occurs frequently from Uganda and southwestern Kenya into Tanzania
    • Ethiopia
      will be wetter next week while showers and thunderstorms continue elsewhere
  • New
    Zealand rainfall will be near to above average in North Island while near to below average in South Island
    • Temperatures
      will be near to below average

Source: 
World Weather Inc. 

 

Bloomberg
Ag Calendar

Monday,
Nov. 9:

  • USDA
    weekly corn, soybean, wheat export inspections, 11am
  • U.S.
    winter wheat conditions; harvest for soybeans, corn, cotton, 4pm
  • Brazil
    Unica cane crush, sugar production (tentative)
  • Ivory
    Coast cocoa arrivals
  • EU
    weekly grain, oilseed import and export data
  • EARNINGS:
    BRF SA

Tuesday,
Nov. 10:

  • USDA’s
    monthly World Agricultural Supply and Demand (WASDE) report, noon
  • China’s
    agriculture ministry (CASDE) releases monthly report on supply, demand
  • Malaysian
    Palm Oil Council webinar on China’s post-pandemic palm oil demand
  • Malaysian
    Palm Oil Board releases data on end-October stockpiles, exports, production
  • Conab’s
    data on area, output and yield of soybeans and corn in Brazil
  • Malaysia
    Nov. 1-10 palm oil export data from AmSpec, SGS

Wednesday,
Nov. 11:

  • EARNINGS:
    JBS, Barry Callebaut
  • HOLIDAY:
    U.S. (Veterans Day, federal govt closed, CME trading unaffected), France, Canada

Thursday,
Nov. 12:

  • Port
    of Rouen data on French grain exports
  • Vietnam
    customs data on coffee, rice and rubber exports in October
  • EIA
    U.S. weekly ethanol inventories, production
  • EARNINGS:
    BayWa, Marfrig

Friday,
Nov. 13:

  • ICE
    Futures Europe weekly commitments of traders report, 1:30pm (6:30pm London)
    • NOTE:
      CFTC Commitments of Traders report, usually released on Fridays, is scheduled for Monday, Nov. 16, due to U.S. federal holiday
  • USDA
    weekly crop net-export sales for corn, soybeans, wheat, cotton, pork, beef, 8:30am
  • FranceAgriMer
    weekly update on crop conditions
  • New
    Zealand Food Prices

Saturday,
Nov. 14:

  • China
    Animal Agriculture Association summit on hog recovery, ASF vaccine progress

Source:
Bloomberg and FI

 

 

 

 

 

 

USDA
inspections versus Reuters trade range                                            

Wheat      
304,239     versus  250000-500000           range

Corn         
690,079     versus  650000-1000000         range

Soybeans  
2,496,308  versus  1950000-2250000       range

 

 

 

GRAINS
INSPECTED AND/OR WEIGHED FOR EXPORT

                 
REPORTED IN WEEK ENDING NOV 05, 2020

                           
— METRIC TONS —

————————————————————————-

                                                  
CURRENT     PREVIOUS 

             ———–
WEEK ENDING ———-  MARKET YEAR  MARKET YEAR

 
GRAIN      11/05/2020  10/29/2020  11/07/2019    TO DATE     TO DATE  

 

BARLEY         
2,295           0       3,593       12,162       15,401 

CORN         
690,079     740,612     581,856    7,576,894    4,344,347 

FLAXSEED          
24           0           0          413          172 

MIXED              
0           0           0            0            0 

OATS             
100           0         499        1,096        1,297 

RYE                
0           0           0            0            0 

SORGHUM       
72,005     103,320      25,486      717,970      401,016 

SOYBEANS   
2,496,308   2,389,742   1,348,193   19,457,451   10,904,221 

SUNFLOWER          
0           0           0            0            0 

WHEAT        
304,239     313,331     539,920   11,703,183   11,456,105 

Total      
3,565,050   3,547,005   2,499,547   39,469,169   27,122,559 

————————————————————————-

CROP
MARKETING YEARS BEGIN JUNE 1 FOR WHEAT, RYE, OATS, BARLEY AND

FLAXSEED; 
SEPTEMBER 1 FOR CORN, SORGHUM, SOYBEANS AND SUNFLOWER SEEDS.

INCLUDES
WATERWAY SHIPMENTS TO CANADA.

 

Corn.

·        
USDA US corn export inspections as of November 05, 2020 were 690,079 tons, within a range of trade expectations, below 740,612 tons previous week and compares to 581,856 tons year ago. Major countries
included China Main for 202,971 tons, Mexico for 154,640 tons, and Japan for 80,930 tons.

·        
German confirmed a H5N8 bird flu case in the northern part of the country. 

 

CME
Pork Cut Out futures began trading

https://www.cmegroup.com/trading/agricultural/livestock/cme-pork-cutout-futures-and-options.html?gclsrc=aw.ds&&gclid=EAIaIQobChMIusm4quv17AIVTdbACh12RQohEAAYASAAEgIf-_D_BwE&gclsrc=aw.ds#contract-specifications

 

Corn
Export Developments

  • Iranian
    state-owned animal feed importer SLAL seeks up to 60,000 tons of animal feed corn, 60,000 tons of feed barley and 60,000 tons of soymeal, on Wednesday, Nov. 11, for shipment in December 2020 and in January 2021.
  • Both
    South Korea’s FLC and MFG bought a combined 268,000 tons of corn last week. 

 

Updated
11/05/20

December
corn is seen in a $3.90-$4.25 range

 

Soybean
complex
.
 

  • US
    soybean harvesting progress was reported at 92 percent, up 5 points from the previous week and compares to 82 percent year ago and 90 percent average.  Traders were looking for 94 percent. 

·        
USDA US soybean export inspections as of November 05, 2020 were 2,496,308 tons, above a range of trade expectations, above 2,389,742 tons previous week and compares to 1,348,193 tons year ago. Major
countries included China Main for 1,820,815 tons, Vietnam for 77,369 tons, and Thailand for 75,960 tons.

  • The
    European Union reported soybean import licenses since July 1 at 5.021 million tons, above 4.798 million tons a year ago. European Union soybean meal import licenses are running at 6.346 million tons so far for 2020-21, below 6.905 million tons a year ago.
    EU palm oil import licenses are running at 2.128 million tons for 2020-21, above 2.104 million tons a year ago, or up 1 percent.
  • European
    Union rapeseed import licenses since July 1 were 2.335 million tons, down 23 percent from 3.030 million tons from the same period a year ago.
  • Russia
    seeks to tax sunflower seed exports at 30 percent from current 6.5 percent due to lower Black Sea production this year. 
  • Argentina
    soybean planting progress was less than 5 percent complete last workweek, well behind normal.  Paraguay was 90 percent complete. 
  • Strategie
    Grains has lowered its forecast for rapeseed imports in the European Union and Britain this season to 5.9 million tons, from 6.3 million a month earlier.
  • We
    heard China bought at least one Brazilian soybean cargo late last week for March shipment.  Today they were quiet. 
  • China’s
    General Administration of Customs reported China’s soybean imports were up 41% in October from a year ago to 8.69 million tons from 6.18 million tons in the same month year earlier, and down from 9.8 million tons in September.  Imports of vegetable oils were
    885,000 tons in October, down 3.9% from the previous month. 

 

 

Oilseeds
Export Developments

  • Under
    the 24-hour announcement system, private exporters sold 123,000 tons of soybeans to unknown for 2020-21 delivery. 

  • Iranian
    state agency the Government Trading Corporation (GTC) seeks up to 60,000 tons of milling wheat, 30,000 tons of soyoil and 30,000 tons of sunflower oil, on Tuesday, Nov. 10, for shipment in December 2020 and in January 2021.

  • The
    USDA seeks 180 tons of veg oil packaged in 4-liter cans on Nov 17 for use in the McGovern-Dole Food for Export program for shipment to Liberia. Shipment was scheduled for Dec 16-31 and Jan 1-15 (Jan 1-31 for plants at ports).

 

 

 

Updated
11/05/20

January
soybeans are seen in a $10.75-$11.40 range

December
soybean meal is seen in a $370-$410 range

December
soybean oil is seen in a 34.50-37.00 range

 

Wheat

  • US
    winter wheat planting progress was reported at 93 percent, up 4 points from the previous week and compares to 91 year ago and 91 average.  Traders were looking for 94 percent.  Winter wheat emerged was reported at 79 percent, up 8 points from the previous
    week. 
  • US
    winter wheat conditions improved 2 points to 45 percent for the combined good and excellent categories and compares to 54 year ago and 54 average.  The trade was expecting conditions to improve 1 to 44 percent this afternoon. 

·        
USDA US all-wheat export inspections as of November 05, 2020 were 304,239 tons, within a range of trade expectations, below 313,331 tons previous week and compares to 539,920 tons year ago. Major
countries included Philippines for 121,100 tons, Japan for 59,524 tons, and Mexico for 48,700 tons.

  • The
    European Union reported soybean import licenses since July 1 at 5.021 million tons, above 4.798 million tons a year ago. European Union soybean meal import licenses are running at 6.346 million tons so far for 2020-21, below 6.905 million tons a year ago.
    EU palm oil import licenses are running at 2.128 million tons for 2020-21, above 2.104 million tons a year ago, or up 1 percent.
  • European
    Union rapeseed import licenses since July 1 were 2.335 million tons, down 23 percent from 3.030 million tons from the same period a year ago.
  • The
    European Union granted export licenses for 122,000 tons of soft wheat exports, bringing cumulative 2020-21 soft wheat export commitments to 7.843 MMT, well down from 10.303 million tons committed at this time last year, a 24 percent decrease.  Imports are
    up 10 percent from year ago at 1.008 million tons.
  • IKAR:
    Russian wheat export prices for 12.5% protein were up $2/ton to $253 from the previous week.
  • SovEcon:
    Black Sea wheat unchanged at $253/ton fob while barley up $3/ton to $214/ton. 
  • APK-Inform: 
    Ukraine wheat 12.5% protein Black Sea wheat prices traded at $252-$256 per ton fob Black Sea, near unchanged.
  • Ukraine
    grain exports fell 16.7 percent so far in 2020-21 to 17.4 million tons from 20.9 million tons year earlier.  Corn exports were 2.9 million ton as of Nov. 9 compared to 5.1 million tons last year.   Wheat exports declined to around 11 million ton from 12.2
    million.
  • Kazakhstan
    seeks to export 500,000 tons of wheat and flour to China during 2020-21, a 47.2% year-on-year increase from 339,600 tons during 2019-20. 
  • In
    the first four months of this marketing year (July 2020 through June 2021) Kazakhstan exported 2.5 million tons of wheat and flour in grain equivalent, according to Kazakh Ministry of Agriculture, up 17 percent from the same period a year ago
  • Russian
    exports of wheat increased to 24.7 million tons in the first nine months of 2020 from 22.7 million tons a year ago – customs.

  • The
    U.S. Agency for International Development said it will grant $20 million to the World Food Program to purchase wheat for Sudan to alleviate shortages in the east African country. (Reuters)
  • Paris
    (Matif) December wheat was 0.50 euro higher at 209.25 euros. 

 

Export
Developments.

  • Iranian
    state agency the Government Trading Corporation (GTC) seeks up to 60,000 tons of milling wheat, 30,000 tons of soyoil and 30,000 tons of sunflower oil, on Tuesday, Nov. 10, for shipment in December 2020 and in January 2021.
  • Syria
    seeks 150,000 tons of wheat on November 9.  They were in on October 28 for 200,000 tons. 
  • Turkey
    seeks 550,000 tons of wheat on November 11 for Nov 24 and Dec 18 shipment. 

 

Rice/Other

·        
Syria seeks 25,000 tons of white rice on December 2. 

·        
Syria seeks 37,400 tons of white rice on November 23.  White Chinese/Egyptian short grain white rice of third or fourth class was sought. Shipment is sought within three months of order confirmation. 

 

 

Updated
11/05/20

December
Chicago wheat is seen in a $5.90-6.20 range

December
KC wheat is seen in a $5.45-$5.80 range

December
MN wheat is seen in a $5.45-$5.75 range

 

Terry Reilly

Senior Commodity Analyst – Grain and Oilseeds

Futures International
One Lincoln Center
18 W 140 Butterfield Rd.

Oakbrook Terrace, Il. 60181

W: 312.604.1366

treilly@futures-int.com

ICE IM: 
treilly1

Skype: fi.treilly

 

Description: Description: Description: Description: FImail

 

Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons.  All of these investment products are leveraged, and you can lose more than your initial deposit.  Each investment product is offered
only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction.  The information provided here should not be relied upon as a substitute for independent research before making
your investment decisions.  Futures International, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs.  All investors
should obtain advice based on their unique situation before making any investment decision.  The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or
sell, or a solicitation to buy or sell any future, option, swap or other derivative.  The sources for the information and any opinions in this communication are believed to be reliable, but Futures International, LLC does not warrant or guarantee the accuracy
of such information or opinions.  Futures International, LLC and its principals and employees may take positions different from any positions described in this communication.  Past results are not necessarily indicative of future results.