FI Morning Grain Comments 08/12/20

PDF attached

 

Report
day.  Trade estimates are below.  CBOT prices are near unchanged in soybeans and corn and mostly lower for wheat.  Note a year ago corn traded limit lower on USDA Aug report day.  Note on crop damage: check out this picture of IA damage via twitter…
https://twitter.com/kennedyclouds/status/1293262701934895110?s=21

 

 

Weather
and Crop Progress

 

Source:
World Weather Inc. 

 

 

7
Day Precipitation Outlook

 

Bloomberg
Ag Calendar

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