FI Morning Grain Comments 09/28/21

PDF attached

 

Good
morning.

 

Lower
trade at the electronic close.  USD is up 36 points. 

 

 

 

Weather

7-day

 

World
Weather Inc.

WORLD
WEATHER HIGHLIGHTS FOR SEPTEMBER 28, 2021

• Little
  change around the world overnight.
• Australia
  will receive some welcome rain over the coming week improving moisture for reproducing winter crops.
  
• China
  will see a good mix of weather, although parts of the north will stay a little too wet at times.
  
• Typhoon
  Mindulle will pass to the southeast of Honshu Japan late this week producing strong wind, very rough seas and heavy rain; including the Tokyo area, although the storm will remain out to sea.
  
• Europe
  will trend wetter in the west half of the continent.
• Western
  parts of the CIS will continue to experience a restricted amount of moisture and cool weather for several more days and then warming next week will help induce better winter crop establishment.
  
• Rain
  the U.S. Plains will be great for hard red winter wheat areas and some of the moisture will eventually reach the Midwest where some interruption to harvesting may occur for a little while.
  
• Argentina’s
  weather has not changed overnight leaving the west-central and northwest parts of that country in need of significant rain.
  
• Brazil
  will see a good mix of weather with center west and center south crop areas getting rain again next week.
  
• Until
  then, southern Brazil will be wettest. 
• India
  will continue wetter biased, but there will be some net drying in a part of the interior northwest for a while
• A
  more active tropical pattern is expected in the western Pacific Ocean next week with up to three new tropical cyclones possible one of which will impact the Philippines and Vietnam
• Hurricane
  Sam, in the Atlantic, is now advertised to pass to the east of Bermuda and east of Newfoundland Canada over the next week
  

Source:
World Weather Inc. 

 

Bloomberg
Ag Calendar

Tuesday,
Sept. 28:

• EU
  weekly grain, oilseed import and export data

Wednesday,
Sept. 29:

• EIA
  weekly U.S. ethanol inventories, production
• Vietnam’s
  General Statistics Office releases Sept. trade data
• Brazil’s
  Unica releases sugar output and cane crush data (tentative)

Thursday,
Sept. 30:

• USDA
  weekly crop net-export sales for corn, soybeans, wheat, cotton, pork and beef, 8:30am
• USDA
  quarterly stocks – corn, soy, wheat, barley, oat and sorghum, noon
• U.S.
  wheat production, noon
• U.S.
  agricultural prices paid, received, 3pm
• Ivory
  Coast farmgate cocoa prices to be announced
• Malaysia
  September palm oil exports
• Port
  of Rouen data on French grain exports
• HOLIDAY:
  Canada

Friday,
Oct. 1:

• 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
• New
  cocoa season in Ivory Coast starts
• U.S.
  DDGS production, corn for ethanol
• USDA
  soybean crush, 3pm
• Australia
  commodity index
• FranceAgriMer
  weekly update on crop conditions
• HOLIDAY:
  China, Hong Kong

Source:
Bloomberg and FI