PDF Attached
Happy
New Year!
A
strong USD capped early fund buying to the start of the new quarter/year in grains. Soybeans ended higher in large part to another strong day in soybean meal. US soybean inspections fell to their lowest level since late September. NASS reported a soybean crush
below expectations and November corn crush above expectations.
The
GFS model for South America is drier this morning while the European model suggests about unchanged from Friday’s outlook. Brazil saw rain over the weekend across the northern areas and spotty rain southern of southern MG and Sao Paulo. Argentina saw spotty
but beneficial rain over the weekend. Northern Cordoba western BA and La Pampa was mostly dry. Brazil will see rain over the next week, but the southern areas will see deficits while the north will be too wet for early harvesting in some areas. Argentina will
see variable rain, but the greatest concern are hot temperatures keeping the dry areas dry from evaporation during rain events. Looking forward, a ridge of high pressure is expected to build up across Argentina after day ten of the forecast (around January
12-13) and prevail through mid-month which may lead to drier and warmer weather for Argentina, southern Brazil, Uruguay and Paraguay. The US southern Great Plains will see limited precipitation and cold temperatures this week.
Weather
World
Weather Inc.
WEATHER
EVENTS AND FEATURES TO WATCH
- Northern
Argentina was excessively hot during the weekend, but should cool down this week for a little while - Extreme
highs reached 115 Fahrenheit in Santiago del Estero while 100 to 111 was common in the north half of the nation - A
short term bout of warming is expected ahead of a Sunday/Monday rain event - The
precipitation Sunday into Monday will be greatest from southern Cordoba through central Buenos Aires and will restore favorable topsoil moisture after a bout of rising stress this workweek - Rain
fell beneficially in central parts of Argentina Friday through Sunday - Some
of the rain was greater than expected with up to 1.50 inches resulting - Most
of the rain fell from southern and central Cordoba into northern Buenos Aires and east across most of Santa Fe and much of Entre Rios - Most
areas received 0.20 to 0.75 inch - Greater
rain fell in central and southwestern Chaco where 1.00 to nearly 2.00 inches resulted - A
few showers also occurred in northern Santiago del Estero with one location reporting 2.38 inches in the northeast - Northern
and central Cordoba, southern Santiago del Estero, La Pampa and much of central Buenos Aires were dry along with Corrientes - Far
southern Buenos Aires reported up to 0.57 inch - The
next greatest rain event in Argentina will be Sunday and Monday of next week at which time some significant rain “may” occur from southern Cordoba to central Buenos Aires - The
models are not in agreement with this event, but the European model has been outperforming the GFS and it suggests some 1.00 to 2.00-inch rain totals will be possible
- If
that that occurs as advertised, the key crop areas from Cordoba to central Buenos Aires will see relief from recent drying and a restoration of more favorable crop development - Argentina
will experience a new ridge of high pressure evolving in the latter part of next week and lasting through January 18 restoring dryness and crop stress through limited rain and warm to hot temperatures - Southern
Brazil will begin receiving periodic showers and thunderstorms this week and that trend will last into next week
- The
precipitation will be erratic and more favorable for some areas than others, but most of the dry areas in the south will get enough rain to induce at least a short term improvement in crop and field conditions - Drier
weather is expected at the end of next week through Jan. 19 with some warmer temperatures possible as well - Northern
Brazil’s frequent rainfall pattern will prevail through the next couple of weeks maintaining a wet environment for crops and raising a little concern for maturation and harvest progress of early season soybeans - The
wettest conditions are expected from eastern Mato Grosso to Tocantins, western Bahia, Minas Gerais and northeastern Sao Paulo where the ground will stay saturated and areas of standing and running water are expected - Most
of the early planted soybeans are farther to the west where rainfall will not be as heavy or persistent from western and central Mato Grosso to southwestern Sao Paulo and Parana - Fieldwork
will advance around the showers and thunderstorms - Safrinha
corn and cotton planting prospects are still very good in Mato Grosso and areas south into Parana and Sao Paulo this year - U.S.
hard red winter wheat damage may have occurred during the weekend due to bitter cold temperatures and a few areas of very limited or no snow cover - Extreme
lows fell to -20 at North Platte, Neb. and -18 at Limon, Colorado while readings of -16 to -10 occurred in several other pockets in Nebraska, Kansas and Colorado - Northwestern
half of Kansas reported lows below zero while positive single digit readings occurred in the southeast half of Kansas and the Texas Panhandle - Crop
damage was most likely in southwestern Nebraska, northeastern Colorado and in a few counties of northwestern Kansas where snow cover was lightest or non-existent - Very
little damage likely occurred in the Texas Panhandle because of single digit low temperatures and a little snow, but the region’s crops were shocked after being in the 60s and 70s before the coldest weather hit - Damage
assessments will not be complete until spring - Another
bout of bitter cold is expected in the central Plains late this week and snow cover may be limited in a few areas - The
cold will occur after sufficient warming takes place to melt most of the snow that fell during the weekend - Some
snow will precede the coolest conditions Wednesday and Thursday, but it may not cover all areas that may slip below zero Friday.
- The
situation will be closely monitored for possible winterkill - Snow
fell across many U.S. hard red winter wheat production areas during the weekend with depths of 1 to 5 inches across southeastern Colorado west-central through north-central Kansas and from extreme northeastern Colorado to the North Platte area of Nebraska
with North Platte reporting 6 inches - A
trace to 2 inches occurred in other areas from eastern Colorado to southwestern Nebraska; including far northwestern Kansas
- A
trace to 1 inch of snow fell in the Texas Panhandle and south-central into eastern wheat areas of Kansas
- Snow
also fell significantly from far northern Kansas and southern Nebraska to southeastern Wisconsin and southern Michigan where 3 to 9 inches resulted - One
more band of significant snow fell in southern South Dakota in the Interstate Highway 90 corridor where a trace to 2 inches occurred most often and local totals to 4 inches - Heavy
snow in Tennessee River Basin overnight has snarled traffic - The
storm will shift to North Carolina and Virginia today where more than a foot of snow is possible resulting in transportation delays in that region, as well - Heavy
rain fell during the weekend in the lower U.S. Midwest and especially in the Ohio River Valley southward into the Tennessee River Basin and northern Arkansas - Rain
totals varied from 1.00 to 4.00 inches and locally more from northern Arkansas to central Kentucky and there were a few reports of wind damage - Minor
flooding is occurring in the lower Midwest, a part of the northern Delta and in a few Tennessee River Basin locations - Lighter
precipitation fell in the lower U.S. Delta and southeastern states during the weekend, but one to three inches was noted Sunday in the Carolinas and Virginia and up to 2.10 inches occurred in southwestern Georgia and the Florida Panhandle - This
precipitation was helpful in easing recent drying - Some
areas in West Texas received up to 0.44 inch of moisture during the weekend which was welcome, but most amounts were no more than 0.20 inch
- West
Texas is not likely to see much more precipitation of significance for a while - U.S.
temperatures during the weekend turned bitterly cold in the Plains and western Corn Belt and continued quite cold in the northern Plains, although Sunday was warmer in this latter area - Extreme
lows of -20 to -37 Fahrenheit occurred from northern Montana to northern Minnesota with Grand Forks, N.D. coldest - Subzero
degree lows occurred as far south as northern New Mexico extreme northwestern parts of the Texas Panhandle, Central Kansas and northern Missouri - U.S.
weather over the next ten days will downplay precipitation in the central and southern Plains, although it will not be completely dry - Precipitation
totals will be well below average - Frequent
precipitation will impact the lower Ohio River Valley, the Tennessee River Valley, portions of the Delta and the middle and northern Atlantic Coast states - Storminess
in the far western states will be more restricted to the Pacific Northwest over these next ten days and probably for two weeks
- Some
excessive wind and rain have impacted the Puget Sound and Cascade Mountains recently - Temperatures
in the western United States will likely trend warmer than usual as time moves along in this first half of January - Snow
should fall most significantly in the coming ten days from Canada’s western Prairies and the northwestern U.S. Plains to the Great Lakes region and in a small part of the west-central high Plains region and in northern parts of the lower Midwest
- Some
waves of snow will impact the middle and northern Atlantic Coast states during the coming week - Europe
weather has been and should continue to be good for dormant winter crops - Concern
about dryness in Spain may continue for a while, but soil moisture and snow cover should be sufficient for crops elsewhere over the next ten days - North
Africa precipitation will increase during mid- to late week this week in north-central and northeastern Algeria and northern Tunisia, but precipitation in Morocco will be quite limited - Southwestern
Morocco continues to be a notable multi-year drought and dryness is also a concern in northwestern Algeria - Crops
elsewhere are doing relatively well - Warmer
temperatures in parts of Ukraine and Russia’s Southern Region during the weekend induced a little rain while snow fell frequently to the north - No
threatening cold weather is expected anytime soon in Europe or the western CIS - Snow
cover will remain widespread across much of Russia and the northernmost part of Ukraine as well as some areas in eastern Europe - Winter
crops are in good conditions no change is expected - China’s
weather will continue mostly uneventful for a while, although periods of rain and a little snow will impact the Yangtze River Basin during the next couple of weeks.
- The
moisture will preserve the integrity of the 2022 rapeseed and southern wheat crops - Snow
will fall periodically in the far northeast while the Yellow River Basin and southern coastal provinces receive little to no precipitation - Temperatures
will be near to slightly warmer than usual - Northern,
central and eastern India will receive rain this week and during the weekend that will moisten the topsoil and help support crop development ahead of reproduction - Wheat,
millet, rapeseed and some pulse crops will be among the beneficiaries of the precipitation
- Southern
India will be relatively dry, although significant rain fell along the lower east coast during the weekend - Southeast
Asia oil palm, citrus, sugarcane, coffee, cocoa, rice and other crop areas of Indonesia, Malaysia and Philippines will receive frequent bouts of rain over the next two weeks - Some
heavy rain is possible, but no serious widespread flood problem is expected - Local
flooding will be possible, though - Mainland
areas of Southeast Asia will be mostly dry during the next ten days except Vietnam coastal areas where some heavy rain will occur late this week and into the weekend - Australia
weekend precipitation was limited the far northeastern New South Wales and extreme southeastern Queensland where 0.15 to 1.18 inches occurred with a few coastal areas getting more than 2.00 inches - Most
other areas were dry and temperatures were very warm to hot from interior eastern parts of the nation into interior parts of Western Australia
- Rain
is needed in western sorghum and western cotton areas in Queensland and New South Wales as well as in many livestock grazing areas in the two states - Australia
weather will not change much through Tuesday - Thunderstorms
are expected in eastern parts of New South Wales and a few interior southeastern Queensland locations during the second half of this week and into the weekend - Rainfall
will be greatest along the western slopes of the Great Dividing Range in New South Wales - The
precipitation may continue next week as scattered showers and thunderstorms that will benefit summer crops in both Queensland and New South Wales - Southeastern
Australia will be wettest including southeastern crop areas of New South Wales and central through eastern crop areas of Victoria - Temperatures
will be near to above normal - Late
season winter crop harvesting in the south should not be seriously impacted by rain since most of the crop has been harvested - South
Africa will experience a good mix of rain and sunshine during the next two weeks, although the precipitation will be limited in the central and west for a while this week - The
long term summer outlook remains favorable - Temperatures
will be seasonable - West-central
Africa precipitation will be limited to coastal areas and temperatures will be a little warmer than usual - East-central
Africa will be erratic, but it is expected daily through the next ten days supporting coffee, cocoa, rice sugarcane and other crops - Middle
East precipitation is expected to be erratically distributed over the next couple of weeks
- Winter
crops will benefit from whatever rain falls, but it is not expected to be evenly distributed for a while - Northwestern
Mexico received some welcome rain during the weekend with moisture totals to 1.25 inches western Chihuahua and parts of Baja California
- The
precipitation was welcome to winter crops in the region lifted topsoil moisture briefly, but much more rain is needed - The
region will be dry, like most of Mexico during the coming week to ten days. - Some
showers are expected in the far south and a few extreme eastern parts of the nation late this week into early next week
- Central
America precipitation will be greatest along the Caribbean Coast , but including a fair amount of Panama and Costa Rica during the next ten days - A
few showers will occur in Guatemala periodically as well, although rainfall will be light - Western
Colombia and western Venezuela precipitation is expected to occur periodically in coffee, corn, rice and sugarcane production areas during the next ten days, but no excessive rain is expected - Today’s
Southern Oscillation Index was +12.00 and it was expected to drift lower for a while this week - New
Zealand rainfall is expected to continue getting less than usual precipitation this week with temperatures near to above normal
Source:
World Weather, inc.
Bloomberg
Ag Calendar
Monday,
Jan. 3:
- USDA
export inspections – corn, soybeans, wheat, 11am - CFTC
and ICE commitments of traders reports (delayed from Dec. 31) - Honduras
and Costa Rica coffee exports - Global
cotton balance report from the International Cotton Advisory Committee - USDA
soybean crush, DDGS production, corn for ethanol, 3pm - Ivory
Coast cocoa arrivals - HOLIDAY:
U.K, New Zealand, Thailand, Russia, Japan, China, Canada, Australia
Tuesday,
Jan. 4:
- EU
weekly grain, oilseed import and export data - Australia
Commodity Index - Purdue
Agriculture Sentiment - HOLIDAY:
New Zealand, Russia
Wednesday,
Jan. 5:
- EIA
weekly U.S. ethanol inventories, production - Malaysia’s
Jan. 1-5 palm oil exports - HOLIDAY:
Russia
Thursday,
Jan. 6:
- FAO
World Food Price Index - USDA
weekly net-export sales for corn, soybeans, wheat, cotton, pork and beef, 8:30am - Port
of Rouen data on French grain exports - HOLIDAY:
Russia
Friday,
Jan. 7:
- 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 - HOLIDAY:
Russia
Source:
Bloomberg and FI
USDA
inspections versus Reuters trade range
Wheat
141,816 versus 200000-450000 range
Corn
596,092 versus 500000-1000000 range
Soybeans
1,191,739 versus 1400000-1900000 range
Soybean
inspections were lowest since late September. China took 748,871 tons of soybeans and only a cargo of corn. Big upward revision to corn for the previous weeks. Soybeans were also upward revised.
GRAINS
INSPECTED AND/OR WEIGHED FOR EXPORT
REPORTED IN WEEK ENDING DEC 30, 2021
— METRIC TONS —
—————————————————————————
CURRENT PREVIOUS
———–
WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 12/30/2021 12/23/2021 12/31/2020 TO DATE TO DATE
BARLEY
0 0 0 10,010 20,944
CORN
596,092 954,488 1,089,440 12,898,120 15,218,768
FLAXSEED
0 0 0 224 461
MIXED
0 0 0 0 0
OATS
0 0 0 300 2,593
RYE
0 0 0 0 0
SORGHUM
1,879 175,385 156,802 1,729,267 2,348,260
SOYBEANS
1,191,739 1,732,291 1,764,078 30,301,724 39,220,494
SUNFLOWER
0 0 0 432 0
WHEAT
141,816 291,207 475,901 12,086,652 15,015,437
Total
1,931,526 3,153,371 3,486,221 57,026,729 71,826,957
—————————————————————————
CROP
MARKETING YEARS BEGIN JUNE 1 FOR WHEAT, RYE, OATS, BARLEY AND
FLAXSEED;
SEPTEMBER 1 FOR CORN, SORGHUM, SOYBEANS AND SUNFLOWER SEEDS.
INCLUDES
WATERWAY SHIPMENTS TO CANADA.
CFTC
Commitment of Traders
Commitment
of Traders
SUPPLEMENTAL
Non-Comm Indexes Comm
Net Chg Net Chg Net Chg
Corn
282,789 7,775 434,234 6,544 -683,314 -13,494
Soybeans
80,710 23,464 177,111 1,588 -224,854 -23,704
Soyoil
1,589 6,717 118,271 425 -124,729 -11,609
CBOT
wheat -30,498 -2,423 121,414 4,852 -84,223 -2,313
KCBT
wheat 29,651 -116 61,712 4,291 -92,738 -2,437
FUTURES
+ OPTS Managed Swaps Producer
Net Chg Net Chg Net Chg
Corn
373,345 12,929 260,246 -2,632 -674,323 -11,411
Soybeans
98,080 25,154 134,757 -2,340 -228,233 -21,576
Soymeal
61,162 10,611 87,016 -498 -203,326 -10,997
Soyoil
45,394 6,316 94,119 -567 -132,434 -10,815
CBOT
wheat -11,773 -766 73,505 3,289 -66,458 -2,030
KCBT
wheat 59,406 599 25,597 11 -79,583 -2,312
MGEX
wheat 12,030 -1,148 1,127 -32 -24,172 3,010
Total
wheat 59,663 -1,315 100,229 3,268 -170,213 -1,332
Live
cattle 69,602 850 81,043 -270 -155,363 -1,748
Feeder
cattle 1,679 1,293 3,552 11 763 -579
Lean
hogs 57,720 3,736 57,219 -954 -105,071 -2,149
Other NonReport Open
Net Chg Net Chg Interest Chg
Corn
74,442 1,940 -33,710 -825 1,843,102 41,913
Soybeans
28,363 110 -32,968 -1,349 767,439 -21,966
Soymeal
29,360 252 25,788 630 430,303 -22,160
Soyoil
-11,948 599 4,869 4,468 419,844 -36,371
CBOT
wheat 11,418 -377 -6,692 -116 433,728 -11,061
KCBT
wheat -6,793 3,439 1,374 -1,738 244,520 -3,024
MGEX
wheat 7,040 -566 3,975 -1,263 77,597 -1,051
Total
wheat 11,665 2,496 -1,343 -3,117 755,845 -15,136
Live
cattle 17,448 246 -12,732 921 361,314 11,315
Feeder
cattle 436 208 -6,431 -933 46,242 -690
Lean
hogs 6,808 -1,084 -16,674 449 262,948 4,718
Source:
CFTC, Reuters and FI
Selected
Brazil Commodity December 2021 December 2020
CRUDE
OIL (TNS) 6,150,307 5,282,467
IRON
ORE (TNS) 31,426,947 33,120,248
SOYBEANS
(TNS) 2,711,907 274,082
CORN
(TNS) 3,438,330 4,856,570
GREEN
COFFEE(TNS) 207,640 254,552
SUGAR
(TNS) 1,943,706 2,880,667
BEEF
(TNS) 126,915 142,524
POULTRY
(TNS) 383,517 350,857
PULP
(TNS) 1,643,000 1,276,018
Monday,
Jan. 3:
- USDA
export inspections – corn, soybeans, wheat, 11am - CFTC
and ICE commitments of traders reports (delayed from Dec. 31) - Honduras
and Costa Rica coffee exports - Global
cotton balance report from the International Cotton Advisory Committee - USDA
soybean crush, DDGS production, corn for ethanol, 3pm - Ivory
Coast cocoa arrivals - HOLIDAY:
U.K, New Zealand, Thailand, Russia, Japan, China, Canada, Australia
Tuesday,
Jan. 4:
- EU
weekly grain, oilseed import and export data - Australia
Commodity Index - Purdue
Agriculture Sentiment - HOLIDAY:
New Zealand, Russia
Wednesday,
Jan. 5:
- EIA
weekly U.S. ethanol inventories, production - Malaysia’s
Jan. 1-5 palm oil exports - HOLIDAY:
Russia
Thursday,
Jan. 6:
- FAO
World Food Price Index - USDA
weekly net-export sales for corn, soybeans, wheat, cotton, pork and beef, 8:30am - Port
of Rouen data on French grain exports - HOLIDAY:
Russia
Friday,
Jan. 7:
- 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 - HOLIDAY:
Russia
Source:
Bloomberg and FI
·
CBOT corn ended lower by 4 cents on weakness in US wheat and a sharply higher USD pressured price. The session low in March corn bounced tested the low end of a 4-month trading channel.
·
Prices were higher early on South American weather concerns and higher energy markets, but that didn’t last long after the day session open. News was light with no notable global export developments were announced over the weekend.
USDA NASS reported the November corn for ethanol use above trade expectations.
·
USDA US corn export inspections as of December 30, 2021 were 596,092 tons, within a range of trade expectations, below 954,488 tons previous week and compares to 1,089,440 tons year ago. Major countries included Mexico for 175,131
tons, Colombia for 146,717 tons, and Japan for 132,292 tons.
·
President Biden plans to invest 1 billion USD in funding fir meat processors and ranchers to help boost competition to lower meat prices.
·
Argentina extended its export suspension for some beef cuts until the end of 2023.
·
France reported bird flu at a farm of about 13,000 turkeys in Beaufou (western France).
·
Bulgaria culled 39,000 chickens after a bird flu outbreak was reported in the southern village of Krivo Pole.
·
USDA reported the November corn for ethanol use at 469 million bushels, 13 million above an average trade guess, one million above October and 37 million bushels above November 2020.
Export
developments.
·
None reported
Energy
prices rose more than other commodities in 2021
https://www.eia.gov/todayinenergy/detail.php?id=50718&src=email
Updated
1/3/22
March
corn is seen in a $5.60 to $6.20 range (up 10 cents, unchanged)
·
South American weather concerns lifted prices higher overnight but a strong rally in the USD capped gains in soybeans. After the close NASS reported the November crush at 190.5 million bushels, 1.3 million bushels below expectations.
·
Cold US temperatures over the weekend expected to last beyond this week was supporting soybean meal feed demand, and to an extent corn futures before wheat pulled that market lower.
·
The March crush spread is trading at $170.50 per bushel, close to its contract high.
·
USDA US soybean export inspections as of December 30, 2021 were 1,191,739 tons, below a range of trade expectations, below 1,732,291 tons previous week and compares to 1,764,078 tons year ago. Major countries included China for
748,871 tons, Italy for 141,102 tons, and Egypt for 56,906 tons.
·
USDA US soybean export inspections were lowest since the last week of September and concerning since they are well below average. With Brazil coming online soon, the US has a small window of exports to catch up to the pace to
reach USDA’s 2.050 billion projection. US soybean export commitments are running 23 percent below this time year ago while USDA’s 2.050 billion soybean export projection is 9 percent below 2020-21.
·
The slow export inspections comes when China’s weekly soybean stocks hit a 32-month low of 3.63 million tons, 2.84 million tons below this time year ago (AgriCensus).
·
December soybean inspections could end up near 290 million bushels, down from the record 383.8 million exported year ago. The previous 2015-2019 average was 225 million bushels for December. We look for USDA to lower US soybean
exports next week by 25 million bushels to 2.025 billion and compares to 2.265 billion year ago. For the crop-year, we are using 2.000 billion bushels, 50 below USDA.
·
It was reported StoneX estimated Brazil’s soybean production at 134 million tons and corn at 117.5 million tons. USDA December for Brazil was at 144.0 beans / 118 corn. USDA Argentina soybeans 49.5 beans / 54.5 corn.
·
Egypt said they have enough vegetable oil reserves for 6.4 months, largest amount in years.
·
China’s Heilongjiang Province will increase its soybean planting area by 10 million mu (about 666,667 hectares) in 2022.
·
China was on holiday, returning Tuesday.
Export
Developments
·
The CCC seeks 12,000 tons of soybean oil on Jan 5 for Feb 5-15 delivery for the Dominican Republic.
Updated
1/3/22
Soybeans
– March $13.00-$14.00 (unch, up 15 cents)
Soybean
meal – March $370-$435 (up $15, up $20)
Soybean
oil – March 52.00-60.00 (up 100, up 100)
·
US wheat started higher led by higher protein wheat, but prices collapsed after the USD rallied more than 60 points during the day session.
·
EU wheat basis the March position was 4.75 lower at 274 euros a ton.
·
USDA US all-wheat export inspections as of December 30, 2021 were 141,816 tons, below a range of trade expectations, below 291,207 tons previous week and compares to 475,901 tons year ago. Major countries included Nigeria for
52,872 tons, Philippines for 40,820 tons, and Mexico for 30,537 tons.
·
US weather improved over the weekend with Great Plains snowfall coverage expanding across the central and northern Plains. The US southern Great Plains will see limited precipitation and cold temperatures this week. The January
outlook calls for below normal precipitation for the southern Great Plains.
·
Jordan and Iraq are in for wheat early this week.
·
China plans to sell 50,000 tons of wheat from state reserves on January 5 to flour millers. The sold an estimated 891,938 tons of wheat from reserves in October.
·
Jordan’s state grain buyer seeks 120,000 tons of milling wheat, optional origins, on Jan. 5, for shipment in 2022 between July 1-15, July 16-31, Aug. 1-15 and Aug. 16-31.
·
Iraq seeks 50,000 tons of wheat on January 3 from the US, Canada and Australia.
Rice/Other
·
Egypt said they have enough sugar reserves for 3 months.
·
Results awaited: Bangladesh
seeks 50,000 tons of non-basmati parboiled rice for delivery 50 days from contract award and letter of credit opening.
Updated
12/9/21
Chicago
March $7.40 to $8.60 range
KC
March $7.55 to $9.00 range
MN
March $9.50‐$11.00
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International
One Lincoln Center
18 W 140 Butterfield Rd.
Oakbrook Terrace, Il. 60181
W: 312.604.1366
ICE IM:
treilly1
Skype: fi.treilly
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Evecom-FI010321.pdf