PDF attached

 

Under
the 24-hour reporting system, private exporters reported to the U.S. Department of Agriculture export sales of 456,000 tons of soybeans for delivery to China during the 2020/2021 marketing year.  USD was 50 higher and WTI 41 cents lower and equities lower. 
The CBOT ag futures are seeing little direction on thin news.  Tender business was quiet.  286 meal were delivered and 63 soybean oil receipts were cancelled.  Malaysian palm fell 7 points while cash palm was unchanged.  Early June Malaysian regional palm
oil production data is indicating an already expected sharp decline from the previous year.  China traded higher for soybeans and vegetable oils.  CBOT soybean oil is under pressure presumably from end of week profit taking. Lack of direction is leaving a
slightly negative trade for corn and soybeans.  Wheat is slightly higher on technical buying.  Jan-Jun China soybean imports are 18 percent higher than the same period year ago to 55.2 MMT.  July imports were a large 10.1 million tons, up from 8.63 MMT for
June 2019 and down from 11.16 MMT for June 2020.  China imported 956,000 tons of vegetable oils in July, down 6.1% from the previous month.  For Monday we look for US crop conditions to improve one point for corn, soybeans, and spring wheat. 

 

 

 

 

 

 

 

Weather
and Crop Progress

 

 

 

7
Day Precipitation Outlook

 

Bloomberg
Ag Calendar

FRIDAY,
August 7:

  • China’s
    foreign trade data for July, including imports of soybeans and meat
  • ICE
    Futures Europe weekly commitments of traders report, 1:30pm (6:30pm London)
  • CFTC
    commitments of traders weekly report on positions for various U.S. futures and options, 3:30pm
  • FranceAgriMer
    weekly update on crop conditions

MONDAY,
August 10:

  • USDA
    weekly corn, soybean, wheat export inspections, 11am
  • U.S.
    crop conditions for soybeans, corn, cotton; wheat harvesting progress, 4pm
  • ISO
    webinar on Covid-19/macro outlook for sugar
  • Malaysian
    Palm Oil Board data on July end-stockpiles, production, exports
  • Malaysia
    palm oil export data for August 1-10
  • EU
    weekly grain, oilseed import and export data
  • Ivory
    Coast cocoa arrivals
  • Brazil
    Unica cane crush, sugar production (tentative)
  • HOLIDAY:
    Japan, Singapore

TUESDAY,
August 11:

  • Brazil
    Conab releases area, production and yield data for corn, soybeans
  • EARNINGS:
    Wilmar

WEDNESDAY,
August 12:

  • USDA’s
    monthly World Agricultural Supply and Demand (Wasde) report, noon
  • China
    CASDE monthly crop supply and demand report
  • Vietnam
    data on coffee, rice and rubber exports in July
  • EIA
    U.S. weekly ethanol inventories, production, 10:30am
  • U.S.
    soybean, corn acreage, noon
  • EARNINGS:
    BRF, Marfrig
  • HOLIDAY:
    Thailand

THURSDAY,
August 13:

  • USDA
    weekly crop net-export sales for corn, soybeans, wheat, cotton, pork, beef, 8:30am
  • Port
    of Rouen data on French grain exports
  • New
    Zealand Food Prices
  • EARNINGS:
    JBS, Olam

FRIDAY,
August 14:

  • ICE
    Futures Europe weekly commitments of traders report, 1:30pm (6:30pm London)
  • CFTC
    commitments of traders weekly report on positions for various U.S. futures and options, 3:30pm
  • FranceAgriMer
    weekly update on crop conditions
  • EARNINGS:
    Golden Agri-Resources

SATURDAY,
August 15:

  • Malaysia
    palm oil export data for Aug 1-15 from AmSpec

Source:
Bloomberg and FI