PDF attached




corn 60 percent and soybeans 75 percent harvested.  US corn conditions unchanged.  US winter wheat 77 planted.


ag markets are mostly higher led by soybeans amid slower than expected US soybean harvest pace.  Argentina crush workers are on a 24-hour strike. There was a rumor Brazil bought US soybeans, or 2 cargoes were switched internally by a company from US to Brazil. 
Brazil announced yesterday that the tariff free imports outside Mercosur will be extended to January for soybeans and March until corn. 


heard one China private crusher booked at least one Nov/Dec soybean shipment out of the Gulf and two January shipments out of the PNW.  There was a March soybean shipment that traded hands but unclear with origin. 


IL, corn basis was up 4 cents to option December and soybeans up 10 cents to 15 over November.  Argentina dryness and slower than normal soybean planting pace in Brazil potentially affecting second crop corn plantings are supporting US corn futures.  USD was
lower, WTI crude moderately lower as of early this morning.  For wheat, dry weather for the US Great Plains and southern Russia are still a concern.  APK-Inform reported Ukraine wheat export prices hit a 21-month high of $255/ton fob. 


values are leading SBO 29 points higher and meal $1.00 lower. 


palm futures were up just over 3 percent.  Cash palm rose $17.00/ton.  AmSpec palm exports for the October 1-20 period was 1.085 million tons versus 1.040 million tons same period in September.  ITS reported a 4 percent increase to 1.077 million tons from
1.035 million previous period last month. 


Korea’s MFG bought 130,000 tons of feed wheat from the US at $266.84/ton and $268.92/ton for LH March and April shipment.  Thailand seeks 192,000 tons of feed wheat and 120,000 tons of feed barley, optional origin, for between Dec 2020 and March 2021 shipment. 
Japan seeks 80,526 tons of food wheat later this week including 29,217 tons from the US and 51,309 tons from Canada.  Jordan passed on 120,000 tons of barley. They saw 2 offers.  Algeria seeks 50,000 tons of Black Sea milling wheat on Oct 21, valid until Oct
22 for Nov and/or Dec shipment.  Sudan seeks 1 million tons of wheat through US assistance.  Algeria bought about 30,000 tons of corn at about $239/ton c&f from EU or Black Sea region for shipment by November 20. 


said they have more than 1 million tons of sugar stocks to last over four months. 


















and Crop Progress


World Weather Inc. 


Ag Calendar

Oct. 20:

  • Malaysia
    Oct. 1-20 palm oil export data
  • Virtual
    international palm oil sustainability conference, Q&A Session
  • USDA
    total milk production, 3pm
  • New
    Zealand global dairy trade auction

Oct. 21:

  • EIA
    U.S. weekly ethanol inventories, production, 10:30am

Oct. 22:

  • USDA
    weekly crop net-export sales for corn, soybeans, wheat, cotton, pork, beef, 8:30am
  • Port
    of Rouen data on French grain exports
  • USDA
    red meat production, 3pm
  • U.S.
    cold storage data – pork, beef, poultry

Oct. 23: