PDF attached




UK CPI data and other global economic reports & concerns sent energy and equity markets lower. USD was up 23 points, WTI lower by $1.40 and US equities lower.


resumption in Black Sea grain export inspections, wetter forecast for Brazil second corn crop, higher USD and widespread commodity selling is weighing on CBOT grains. The soybean complex is also lower led by soybean oil. Malaysia July palm futures were down
54 ringgit to 3,735 and June cash was lower by $7.50 at $902.00/ton. Offshore values were leading SBO lower by about 127 points this morning and meal $4.50 short ton lower.
Egypt’s GASC’s lowest offer for their international vegetable oil import tender for soybean oil was $1,100 per ton c&f (24k) and sunflower oil at $1,038 per ton c&f. South Korea’s NOFI bought 60,000 tons of soybean meal from South America
at an estimated $553.95/ton c&f for shipment between June 8 and July 7. A Bloomberg poll looks for weekly US ethanol production to be up 9,000 thousand barrels to 968k (937-1003 range) from the previous week and stocks down 98,000 barrels to 25.030 million.




estimates as of April 18




Description automatically generated


Weather Inc.


  • West-central
    and southwestern U.S. hard red winter wheat areas are still not advertised to receive a significant amount of rain over the next two weeks, although some showers are advertised
    • Central
      and eastern portions of wheat country should see a boost in rainfall that will be good for crops beginning next week
  • Cold
    weather in the U.S. northern and central Plains and Midwest this weekend and Monday is not likely to hurt winter wheat in a permanent manner, but concern is rising over some early planted corn and a few fields of soybeans that have emerged
  • A
    second bout of cold is advertised to impact the U.S. Midwest during the last days of April and that may not go over very well for early planted corn and soybeans, although there is plenty of time for moderation in the temperature outlook
  • Snowstorm
    in eastern Canada’s Prairies today through Thursday will produce 0.50 to 1.50 inches of moisture and local totals to 2.00 inches with 6-15 inches of snow and local totals of 15-20 inches – some weakening of the storm is expected
  • Southwestern
    Canada’s Prairies will remain drier biased through the end of this month, although some light precipitation is expected briefly
  • U.S.
    Red River Basin of the North flooding may not be as bad as feared if precipitation will be limited during the next few weeks
    • Cold
      temperatures in the coming ten days will help slow the remaining snow melt
    • Some
      snow and rain will impact the region briefly Thursday and Friday
  • Upper
    Mississippi River Basin flooding will be aggravated by rain and snow over the next few days
    • Planting
      delays are expected near the Mississippi River due to flooding
  • Canada’s
    Red River Basin and the Assiniboine River Basin flood potentials may worsen with the onset of this week’s significant snowstorm and the snow water equivalency that will run off into the Red River in Manitoba eventually possibly worsening flooding on the Red
    River in May
  • Spain,
    Portugal and North Africa will continue drier than usual, despite a few showers over the next ten days
  • India’s
    weather may trend cooler and a little wetter in the second week of the outlook which might disrupt its harvest and raise some concern over winter crop quality; first week temperatures will also be cooler than usual, but precipitation will be limited
  • Argentina
    will be drier biased into the weekend favoring summer crop harvesting; some showers will occur next week
  • Mato
    Grosso, Brazil’s Safrinha corn areas are drying down a little early and will need to be closely monitored; however, most of the latest planted Safrinha corn was in Parana, Mato Grosso do Sul and Sao Paulo where the moisture profile is still quite abundant
    • Seasonal
      rains have ended in much of Brazil, although rain in the interior south will linger for a little longer
  • Mali
    and Burkina Faso cotton areas will remain dry
  • Kazakhstan
    and Russia’s spring wheat areas will experience some net drying next week and into the last days of this month, but the environment will be great for planting – rain will be important in May to prevent the region from getting too dry
  • West
    Texas rain prospects are poor during the next ten days, although some showers are likely
  • U.S.
    Delta will get rain as cold air arrives late this week and then will get much more rain next week as warming evolves
  • Western
    Australia will dry down over the next ten days; some planting of wheat, barley and canola has begun

World Weather, INC.



Ag calendar

April 19:

  • EIA
    weekly US ethanol inventories, production, 10:30am
  • Brazil’s
    Conab releases cane, sugar and ethanol output data
  • USDA
    total milk production, 3pm