PDF attached
Soybeans
are lower led by Nov, meal lower and soybean oil higher. Corn is lower form a less than expected drop in US crop ratings. Wheat turned mostly lower on global crop concerns and dryness across the US Great Plains. U.S. Delta will receive additional rain this
week keeping producers out of the fields while drier weather will occur in the Midwest and Delta late this week. AmSpec reported August palm exports fell 15.1 percent from the previous month. After a one-day holiday, palm oil rallied about 44 points and
cash was up $13.50/ton. Indonesia’s 2020 palm production was seen at 46.02 million tons, a sharp decline from 47.11MMT in 2019. Exports were projected to fall 18 percent from 2019, according to GAPKI. Ukraine’s deputy minister projected sunflower production
down 8.5 percent to 14 million tons from 15.3 million in 2019. Japan seeks 106,937 tons of food wheat later this week for arrival by December 31. South Korea’s MFG passed on feed wheat. APK-Inform estimated Ukraine’s corn crop could fall 8 percent to 35.1
million tons.