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Change In Nonfarm Payrolls May: 339K (exp 195K; prevR 294K)

Rate May: 3.7% (exp 3.5%; prev 3.4%) around a historically low level.


US debt ceiling bill is expected to be signed into law today. US equities are leaning toward are higher open and the USD turned slightly higher. WTI crude oil continues to rally, up around $1.49.


agriculture markets are mixed Friday morning. Soybean oil is catching a bid from higher Malaysian palm oil. August palm was down 5 percent for the week. The US weather forecast appears to be mostly unchanged. Global export developments were quiet. August Malaysia
palm futures increased 102 ringgit to 3381 and Aug. cash increased $30.00 to $800.00/ton. Offshore values were leading SBO lower by about 66 points this morning (89 lower for the week to date) and meal $3.00 short ton higher ($4.90 higher for the week). USDA
S&D’s will be updated next Friday.


Export Sales were good for soybean meal and new-crop wheat. China booked 265,000 tons of new-crop soybeans and cancelled 70,800 tons of current crop year corn. No surprises for the other major commodities. Sorghum sales were 131,000 tons that included 128,000
tons for China.


of the US Midwest will dry down over the next seven days with temperatures above normal. The Midwest will not be totally dry. Any rain that develops will be bias far WCB and upper northeast. US Great Plains will continue to improve with precipitation over
the next week. China’s largest producing state of Henan is forecast to receive additional rain.


estimates as of June 1 (net in 000)





A map of the world

Description automatically generated with low confidence


A map of the united states

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Weather Inc.


  • No
    major changes overnight again
  • Northern
    Europe will continue unusually dry for at least another ten days,  though no extreme temperatures are expected
  • Eastern
    Russia’s New Lands will be dry and warm through the weekend before rain scatters through the production region and temperatures begin to cool
  • Kazakhstan
    will continue drier biased throughout the next ten days, despite a few showers and some cooling later next week and into the following weekend
  • All
    of Australia still has a very good chance for additional needed moisture in each of the major wheat, barley and canola production areas during the coming ten days
  • North
    Africa and southern Europe will continue wetter than usual
  • India’s
    monsoon will perform poorly in the first half of this month in southern and eastern parts of the nation
  • Tropical
    cyclones may evolve next week in the Arabian Sea, Bay of Bengal and South China Sea
  • U.S.
    Midwest crop areas will continue to dry down over the next ten days with temperatures very warm through the weekend and then a little milder briefly next week
  • U.S.
    Great Plains weather will continue wettest from western Texas to Montana
  • Saskatchewan,
    Canada will receive frequent rainfall during the next ten days except in the southeast where net drying is likely
  • Southern
    Manitoba, Canada will be drying out for a while as well while the biggest concern remains in eastern and southern Alberta where drought remains a serious concern

World Weather, INC.