PDF attached

 

Morning.

 

US
weather outlook mainly unchanged.  USDA announced additional soybean sales to China and unknown.   Global vegetable oil prices are sharply lower and CBOT meal finding strength from oil share selling, in part to the slowdown in Argentina crush. 

 

 

 

Weather
and Crop Progress

 

MORNING
WEATHER MODEL COMMENTS

NORTH
AMERICA

  • Not
    much change of significance was noted overnight
    • Remnants
      of Tropical Depression Beta will move from eastern Texas through the heart of the Delta into Friday where rainfall will range from 1.50 to 4.00 inches and locally more
    • A
      small disturbance will also move across the Great Lakes region today and Thursday
    • Eastern
      Midwest will get some showers this weekend along with the southeastern states
    • Good
      crop maturation, harvest and planting weather will occur in the Great Plains and western and central Corn Belt over the coming week
      • Most
        of the Plains and western Corn Belt will continue dry into the second week of the outlook
    • Showery
      and cool weather will occur next week in the Great Lakes region and far eastern Midwest
    • Temperatures
      will be warmer than usual in most of the north and western U.S. over the next week
    • Cooling
      is expected next week in the eastern half of the nation

 

The
bottom line does not contain any big changes relative to Tuesday’s outlook. The biggest change after the remnants of Tropical Depression Beta abates from the Delta and southeastern states will be good harvest weather until next week when colder air moves through
the eastern U.S. and brings on unsettled conditions in the Great Lakes region and eastern Midwest. Most of the Great Plains and western U.S. will stay quite dry and warm.

 

SOUTH
AMERICA

  • No
    significant changes were noted in Argentina
  • Brazil’s
    center west and center south crop areas have less rain advertised over the next few days and the balance of the coming two weeks is drier than usual
  • Far
    southern Brazil and southern and eastern Argentina will get significant rainfall late this week and into the weekend
    • La
      Pampa, Buenos Aires, southern Cordoba, southern and eastern Santa Fe, Entre Rios and Corrientes will get rain along with Uruguay, Rio Grande do Sul and neighboring areas

 

Market
concerns over dryness in Brazil delaying the onset of early season soybean planting have already begun and rightly so.  Seasonal rains will come at the end of October and early November and then become significant, but for the next few weeks pre-monsoonal
showers and thunderstorms will be more restricted than usual limiting early soybean and corn planting while southern Brazil and parts of Argentina trend briefly wetter.

 

EUROPE/BLACK
SEA REGION

  • No
    significant changes were noted overnight
    • Rain
      will fall in most of western and central Europe over the coming week to ten days
    • Far
      southeastern Europe will not receive much rain
    • Eastern
      Ukraine will get some rain next week, but more will be needed
    • Kazakhstan.
      The middle and lower Volga River Basin and Russia’s Southern Region will continue very dry

 

RUSSIA
NEW LANDS

  • Not
    significant changes were noted overnight, although the western New Lands were drier after the evening model last night increased rainfall in the latter part of the second week
  • Favorable
    drying conditions will occur in many of the eastern New Lands harvest areas

 

CHINA