PDF attached

 

Morning. 

US
weather will be dry this week.  Ukraine will see increasing crop stress and China’s grain production is expected to drop from record 2019 output.  Under the 24-hour announcement system, private exporters sold 130,000 tons of HRW wheat to unknown.   NOPA is
due out later today (estimates below), along with inspections and crop progress (expect a large decline in IA and IL corn conditions).  Algeria is in for 50,000 tons of milling wheat and Egypt is in for vegetable oils.  AmSpec reported Malaysia palm oil exports
during the Aug 1-15 period at 694,292 tons, down 16.3% from 829,294 tons exported in July 1-15.  ITS reported a 16.5% decrease to 694,402 tons from 831,115 tons during FH July.  
CBOT soybean registrations were down 84 with Zen-Noh Grain registering 74 and Consolidated cancelling 158.  There were 87 soybean deliveries with Term stopping 62.  Soybean oil registrations
were up 48 (Volga, SD) and deliveries were 57 with Bunge stopping all of them.  CBOT soybean meal deliveries were 148.  China pig herd in July was up 13.1 percent form year ago. 

 

 

Weather
and Crop Progress

 

 

 

Bloomberg
Ag Calendar

MONDAY,
August 17:

  • USDA
    weekly corn, soybean, wheat export inspections, 11am
  • U.S.
    crop conditions for soybeans, corn, cotton; wheat harvesting progress, 4pm
  • U.S.
    monthly green coffee stockpile data from Green Coffee Association
  • EU
    weekly grain, oilseed import and export data
  • Ivory
    Coast cocoa arrivals
  • HOLIDAY:
    Indonesia

TUESDAY,
August 18:

  • New
    Zealand global dairy trade auction

WEDNESDAY,
August 19:

  • EIA
    U.S. weekly ethanol inventories, production, 10:30am
  • ISO
    online conference on Sugar and Health
  • USDA
    total milk production

THURSDAY,
August 20:

  • USDA
    weekly crop net-export sales for corn, soybeans, wheat, cotton, pork, beef, 8:30am
  • Brazil
    Conab sugar, cane and ethanol production
  • Port
    of Rouen data on French grain exports
  • China
    International Cereals and Oils Industry Summit
  • USDA
    red meat production, 3pm
  • HOLIDAY:
    Malaysia
  • EARNINGS:
    Cherkizovo

FRIDAY,
August 21:

  • 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
  • China
    International Cereals and Oils Industry Summit, day 2
  • Malaysia
    palm oil export data for August 1-20
  • U.S.
    cattle on feed, 3pm

Source:
Bloomberg and FI

 

 

 

 

 

Commitment
of Traders

-No
major surprises