PDF attached




September 13, 2021—Private exporters reported to the U.S. Department of Agriculture export sales of 132,000 metric tons of soybeans for delivery to unknown destinations during the 2021/2022 marketing year.


meal, corn and wheat are all lower on favorable US weekend weather for crop development, corn harvest progress and winter wheat planting progress.  The USD was 26 points higher as of 7 am CT.  Soybean oil found support from a snap in Malaysia’s losing streak
after Malaysian September 1-10 palm exports were reported 29% higher form the same period last month by SGS at 548,420 tons. In addition, India lowered their import taxes on crude palm oil to 2.5% from 10%.  We are seeing a few more wheat import developments. 
While many traders were looking for short term lows to be in during last Friday’s session, we can’t ignore favorable US harvesting pressure for corn and eventually for soybeans.  Our thinking is for October yields to tick higher when updated by USDA next month
if crop conditions hold steady or improve over the next couple of weeks.  Next set of major reports will be quarterly stocks and small grains summary at the end of this month.  We look for US wheat production to be upward revised by a small amount. 







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Weather Inc.


  • Typhoon
    Chanthu will block shipping to and from the Shanghai and Hangzhou Bay areas of China for the next three days.
    • No
      port damage is expected, but the storm will prevent ships from coming and going through those areas.
    • The
      storm will eventually move through southern South Korea and impact a part of western Japan.
  • Tropical
    Storm Nicholas is expected to impact the middle and upper Texas coast today and Tuesday producing very heavy rain and windy conditions. Some port closures will be possible there as well.
  • Weather
    in key crop areas around the world has not changed greatly since Friday.
    • Good
      harvest progress is expected in North America this week,
    • Argentina
      will be drying out while southern Brazil gets significant rain over the next few days.
    • Southeastern
      and east-central China will dry down for several days and then get rain next week.
    • Rain
      in Australia will be limited to coastal areas for a while.
    • Parts
      of Russia’s Volga River Basin and Ukraine will get some rain this weekend into next week improving winter crop emergence and establishment potential.
    • India
      will stay wet in the central, north and east. 
    • Europe
      weather will be favorably mixed with sufficient sunshine and warm conditions to support fieldwork in many areas
    • Central
      Vietnam is recovering from excessive weekend rain brought on by Tropical Storm Conson that moved from Da Nang Vietnam to southern Laos
    • Heavy
      rain also fell Friday into Saturday in northern and western Luzon Islands, Philippines due to Typhoon Chanthu
    • Eastern
      Taiwan was also beat up by Super Typhoon Chanthu early in the weekend with excessive rain and strong wind speeds
    • Canada’s
      Prairies will trend cooler this week with frost and some freezes expected in the west and north and freezes may occur next week in southeastern areas

World Weather Inc. 


World Weather Inc. 


Ag Calendar

Sept. 13:

  • USDA
    export inspections – corn, soybeans, wheat, 11am
  • U.S.
    crop conditions – corn, cotton, soybeans; spring wheat harvest, 4pm
  • AB
    Sugar trading update
  • Ivory
    Coast cocoa arrivals
  • New
    Zealand Food Prices

Sept. 14:

  • EU
    weekly grain, oilseed import and export data
  • France
    agricultural ministry crop production estimate
  • Ros
    Agro capital markets day
  • Abares’
    agricultural commodities — September quarter 2021

Sept. 15:

  • EIA
    weekly U.S. ethanol inventories, production
  • FranceAgriMer
    monthly grains report
  • Malaysia
    Sept. 1-15 palm oil exports
  • Brazil’s
    Unica releases cane crush and sugar output data (tentative)

Sept. 16:

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

Sept. 17:

  • 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
  • FranceAgriMer
    weekly update on crop conditions

Bloomberg and FI