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is 5 points lower and WTI flat. CBOT ags are firmer this morning on the same news. USDA export sales were good all around. Outside related agriculture markets are supportive. Palm oil was higher and Matif wheat is rallying. Global import demand for wheat remains
strong. The soybean complex is higher led by soybean oil. Corn is catching a bid despite ongoing talk of US feed end users scaling back on corn demand.


US Great Plains will remain mostly dry through the end of the month, increasing concerns over the shortage of topsoil moisture. The Midwest will see rain across the eastern and southern areas through Saturday. Brazil looks good over the next week.
Some areas of southern Brazil will remain dry through the end of the month.  Argentina will trend drier through Monday and rain will be limited next week.   





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Weather Inc.


  • Central
    Argentina has a chance for a little more rain in today’s forecast relative to that of Wednesday
  • Brazil
    will continue to see a good mix of rain and sunshine over the next ten days favoring crop development
  • U.S.
    weather will continue dry biased in the Plains, western Midwest, the southeastern states and from central and southern California into the southern Rocky Mountain region and southwestern desert area
    • Lower
      and eastern parts of the Midwest will see some periodic rain as will the Delta and Tennessee River Basin
    • Late
      season farming activity should advance well
  • Australia
    has more rain in eastern New South Wales crop areas Friday into the weekend to delay winter crop harvesting
    • Some
      concern over crop quality will linger, but next week looks to be drier
    • Other
      areas in Australia should experience a mostly good environment for crops and farming activity
  • China
    will see significant snow in the northeast in this coming week while rain falls periodically near and south of the Yangtze River which is indifferent from that predicted Wednesday
  • Europe
    will be wetter in the second week of the forecast while this first week still is somewhat tranquil except for some rain in the west
  • Russia
    and Ukraine will get snow and some rain during the next two weeks with snow cover reaching southward to the Ukraine border over time and west to Belarus and the Baltic States
  • Western
    South Africa still needs greater rain, but it should fall in the last week of this month
  • Coffee,
    citrus and sugarcane production areas around the world should see favorable crop weather prevail


Ag Calendar

Nov. 18:

  • USDA
    weekly net-export sales for corn, soybeans, wheat, cotton, pork and beef, 8:30am
  • USDA
    FAS releases world sugar market balance, trade report, 3pm
  • China’s
    trade data, including corn, wheat, sugar and cotton imports
  • International
    Grains Council monthly report
  • Singapore
    International Agri-Food Week, day 4
  • Global
    Grain Geneva conference, day 3
  • Bloomberg
    New Economy Forum: session on Feeding the World at 11:20am Singapore
  • USDA
    total milk production, 3pm
  • Port
    of Rouen data on French grain exports

Nov. 19:

  • 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
  • U.S.
    cattle on feed, 3pm
  • FranceAgriMer
    weekly update on crop conditions

Nov. 20:

  • China’s
    third batch of October trade data, including soy, corn and pork imports by country

Bloomberg and FI