PDF attached

 

Good
morning

 

CBOT
agriculture trading will be closed tonight and during the day Thursday for US Thanksgiving holiday. Friday is a hard open and shortened session. Look for positioning today, and volume to be on the lighter side. The is up about 26 points higher and WTI is lower.
US equities are leaning towards a lower open. Soybeans and SBO are higher and meal lower. Corn is strong on corn export business. Wheat prices turned mixed with higher protein KC and MN contracts gaining on Chicago. A Bloomberg poll looks for weekly US ethanol
production to be up 5,000 barrels to 1.065 million (1049-1088 range) from the previous week and stocks up 108,000 barrels to 20.189 million.

 

 

 

 

 

 

Weather

Map

Description automatically generated

 

World
Weather Inc.

WORLD
WEATHER HIGHLIGHTS FOR NOVEMBER 24, 2021

  • Very
    little change occurred overnight.
  • Eastern
    Australia’s wet weather bias will continue for at least the next five to seven days raising concern over the quality of unharvested small grains in New South Wales and a few neighboring areas.
  • Europe
    and the western Commonwealth of Independent States will experience a boost in precipitation over the next ten days to two weeks bringing some moisture to the dry areas of Ukraine and Russia’s Volga River Basin.
  • North
    Africa will get some timely rain for its wheat and barley planting season.
  • China’s
    weather will be tranquil for a while with not much precipitation of significance expected.
  • Indonesia
    and Malaysia will continue to see frequent rainfall.
  • Southern
    India will remain too wet and in need of drying to protect rice, sugarcane, cotton and other crop integrity.
  • Argentina
    is still expecting two very important waves of rain between now and Monday to ease drying in the topsoil and maintain good crop conditions.
  • Brazil
    will see a good mix of weather during the next two weeks, although there will be some potential for net drying in the south after rain passes Thursday into Friday.
  • Colombia
    and Venezuela rainfall should increase in the coming ten days after a period of below average precipitation.
  • U.S.
    weather will continue quiet with net drying in hard red winter wheat areas, the northwestern Plains, California, the southwestern desert areas and West Texas cotton country.
    • Showers
      will occur in the Delta, southeastern states and lower and eastern portions of the Midwest, but only infrequently and lightly.
    • Very
      cold temperatures are expected in the north-central U.S. Today and Thursday before shifting into the lower and eastern Midwest briefly Thursday into the weekend. 
  • Coffee,
    citrus and sugarcane areas of Brazil will stay in mostly good condition as they should in southeast Asia
    • Sugarcane
      areas of eastern Australia will see improving soil moisture
    • Parts
      of Malaysia and Indonesia may get some heavy rainfall

 

Bloomberg
Ag Calendar

Tuesday,
Nov. 23:

  • EU
    weekly grain, oilseed import and export data
  • Brazil’s
    Conab releases sugar and cane production data (tentative)
  • Council
    of Palm Oil Producing Countries online webinar
  • U.S.
    poultry slaughter, 3pm
  • HOLIDAY:
    Japan

Wednesday,
Nov. 24:

  • EIA
    weekly U.S. ethanol inventories, production
  • USDA
    red meat production, 3pm

Thursday,
Nov. 25:

  • Malaysia’s
    Nov. 1-25 palm oil exports
  • Port
    of Rouen data on French grain exports
  • HOLIDAY:
    U.S.

Friday,
Nov. 26:

  • 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
  • USDA
    weekly net- export sales for corn, soybeans, wheat, cotton, pork and beef, 8:30am
  • FranceAgriMer
    weekly update on crop conditions
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