PDF attached

 

Good
morning
.
 

 

Today
is a US Federal Holiday and CFTC’s Commitment of Traders will be delayed until Monday.  USD is higher and WTI down around 70 cents.  Equities are lower.  CBOT agriculture reversal in prices is seen this morning.  Technical buying in focus.  US over the next
ten days will see rain.  EU weather is in good shape. 

 

CME
RAISES CORN FUTURES (C) MAINTENANCE MARGINS BY 9.4 % TO $2,325 PER CONTRACT FROM $2,125 FOR JULY 2021

CME
RAISES SOYBEAN FUTURES (S) MAINTENANCE MARGINS BY 9.8% TO $4,500 PER CONTRACT FROM $4,100 FOR JULY 2021

 

Limits
for the soybean complex will remain unchanged for Friday but corn expands to 60.  Lumber and lean hogs expansions are in place as well.
https://www.cmegroup.com/trading/price-limits.html

 

 

 

 

Weather

1-7
DAY

Map

Description automatically generated

 

Map

Description automatically generated

 

WORLD
WEATHER INC.

WORLD
WEATHER HIGHLIGHTS FOR JUNE 18, 2021

  • Western
    Russia and western Kazakhstan are still poised to experience at least ten days of dry weather with temperatures rising above average.
    • The
      situation will result in some quick drying and rising crop and livestock stress.
    • Temperatures
      are not expected to be exceptionally hot except in a few areas between the Caspian and Black Seas where  a Sukhovei (hot, dry wind) is expected.
  • East-central
    China will dry down a bit in the coming week, but crop conditions in that country are very good.
  • Australia
    will see a good mix of weather in the next ten days as well as Europe.
  • No
    changes are expected in South America leaving Argentina in need of a little rain for wheat and Safrinha corn harvest conditions generally good.
  • There
    is no risk of frost or freeze in grain, sugarcane, citrus or coffee areas of Brazil anytime soon.
  • Southern
    Canada’s Prairies will continue drier than usual along with portions of the U.S. Plains and extreme western fringes of the U.S. Corn Belt while rain falls farther to the east. 
  • Rain
    fell in Gujarat, India overnight benefiting some cotton and peanut crops as well as others
  • Gujarat
    will get additional rain soon while the remainder of western India receives below average rainfall

Source:
World Weather, Inc.

 

Bloomberg
Ag Calendar

Thursday,
June 17:

  • USDA
    weekly crop net-export sales for corn, soybeans, wheat, cotton, pork, beef, 8:30am
  • Port
    of Rouen data on French grain exports
  • Itau
    webinar on agribusiness outlook, Sao Paulo, Brazil
  • CNGOIC
    oilseed conference, Chengdu, China, Day 2

Friday,
June 18:

  • ICE
    Futures Europe weekly commitments of traders report (6:30pm London)
  • CFTC
    commitments of traders weekly report on positions for various U.S. futures and options, 3:30pm
  • China
    customs to publish trade data, including imports of corn, wheat, sugar and pork
  • World
    coffee market report by USDA’s Foreign Agricultural Service, 3pm
  • FranceAgriMer
    weekly update on crop conditions
  • USDA
    Total Milk Production

Sunday,
June 20:

  • China
    customs publishes country-wise import data for farm goods such as soybeans and corn

Monday,
June 21:

  • USDA
    export inspections – corn, soybeans, wheat, 11am
  • U.S.
    crop conditions — corn, cotton, soybeans, wheat, 4pm
  • Monthly
    MARS report on EU crop conditions
  • EU
    weekly grain, oilseed import and export data
  • Ivory
    Coast cocoa arrivals

Tuesday,
June 22:

  • Copersucar,
    one of Brazil’s top sugar and ethanol exporters, holds presser on the market’s outlook
  • Future
    Food-Tech’s Alternative Proteins Summit, day 1
  • OECD
    to release agricultural policy evaluation report