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.


US GDP and initial claims, USD was 18 points higher, WTI crude up 5 cents and US equities higher.
USDA export sales were within expectations.
Wheat sales improved. US wheat futures hit a fresh 21 month low and nearby Chicago is down seven consecutive sessions from ongoing talk of ample global supplies for grains. July corn (down six out of the last seven days) reached its lowest level since July
2022 and soybeans are back at a one-month low. 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. Malaysia palm futures fell 115 ringgit to 3455, and cash fell
$22.50 to $835.00/ton. The session low for July Malaysian palm oil futures hit a late September 2022 level overnight after Indonesia announced they will lower its mandatory domestic sales for palm oil producers to 300,000 tons a month starting in May. Offshore
values were leading SBO lower by about 85 points this morning and meal $0.10 short ton higher. Iraq bought 150,000 tons of Australian milling wheat. Algeria is in for wheat and Taiwan Flour Millers’ Association seek 51,925 tons of milling wheat from the United



estimates as of April 26




Description automatically generated



Description automatically generated with medium confidence



Description automatically generated


Weather Inc.


  • Southern
    portions of Russia’s eastern New Lands and northern Kazakhstan are still advertised dry and warm biased over the next ten days and perhaps a little longer
  • Dryness
    remains in Spain and North Africa
  • U.S.
    hard red winter wheat areas will see some follow up rain later today and Friday that will further improve crop and field conditions for better spring planting and for some additional improvement to wheat conditions
  • Dry
    and warm biased weather in western Canada will promote spring fieldwork
  • Eastern
    Canada’s Prairies and the eastern part of North Dakota and Minnesota will experience cool conditions for another week and the remaining snow will melt; fieldwork will be slow to begin in many areas
  • Lower
    and west-central U.S. Midwest crop areas will receive lighter than usual precipitation over the next two weeks with cool weather in the first week and a return to more normal temperatures in the second week
  • Argentina
    has a little more rain potential for the second week of the outlook today, but net drying will continue in this first week
  • Brazil’s
    center west and center south crop areas will continue to receive restricted precipitation which is normal for this time of year
  • Southern
    Brazil will experience some periodic rainfall that will maintain a good outlook for late season crops
  • New
    South Wales and a part of Queensland will receive some rain briefly Friday into Saturday to benefit future winter crop planting, but follow up rain will be needed
  • Watch
    Western Australia where the need for rain is expected to rise for a while
  • Wetter
    weather is expected in the western CIS while Europe sees routinely occurring rainfall outside of the Iberian Peninsula where it should be dry for a while

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