Global Ag News for Oct 1st


Wheat prices overnight are up 13 in SRW, up 10 3/4 in HRW, up 9 3/4 in HRS; Corn is up 1 1/2; Soybeans down 1 1/2; Soymeal up $0.23; Soyoil down 0.53.

For the week so far wheat prices are up 14 3/4 in SRW, up 22 3/4 in HRW, up 6 1/4 in HRS; Corn is up 11 1/2; Soybeans down 30 1/2; Soymeal down $0.80; Soyoil up 0.29. For September wheat prices were up 3 1/4 in SRW, up 19 3/4 in HRW, up 9 in HRS; Corn is up 2 1/2; Soybeans down 36 1/2; Soymeal down $16.90; Soyoil down 0.06.

China’s markets are closed for holiday.

Malaysian palm oil prices overnight were down 98 ringgit (-2.13%) at 4497 retreating from a record high while soybean oil prices fell, after the U.S. Department of Agriculture’s quarterly grain stocks report showed stockpiles are bigger than expected.

Brazil Grains & Oilseeds Forecast: Rio Grande do Sul and Parana Forecast: Scattered showers through Sunday, north Monday. Temperatures above normal through Saturday, near to below normal Sunday-Monday. Mato Grosso, MGDS and southern Goias Forecast: Scattered showers north Thursday. Isolated to scattered showers Friday-Monday. Temperatures near to above normal through Sunday, near normal Monday.

Argentina Grains & Oilseeds Forecast: Cordoba, Santa Fe, Northern Buenos Aires Forecast: Isolated showers Thursday. Mostly dry Friday. Isolated showers Saturday, east Sunday. Mostly dry Monday. Temperatures near to above normal Thursday, near normal Friday, below normal Saturday-Monday. La Pampa, Southern Buenos Aires Forecast: Isolated showers Thursday. Mostly dry Friday. Isolated showers Saturday, east Sunday. Mostly dry Monday. Temperatures near to above normal Thursday, near normal Friday, below normal Saturday-Monday.

Midwest corn, soybean and winter wheat forecasts: West: Isolated to scattered showers through Sunday. Mostly dry Monday. Temperatures above to well above normal through Saturday, above normal Sunday-Monday. East: Mostly dry through Friday. Isolated to scattered showers Saturday-Monday. Temperatures above normal through Monday. 6 to 10 day outlook: Isolated showers Tuesday-Saturday. Temperatures above normal Tuesday-Saturday.

The player sheet for Sept. 30 had funds: net buyers of 10,000 contracts of SRW wheat, sellers of 2,500 corn, buyers of 12,000 soybeans, sellers of 4,500 soymeal, and  buyers of 3,000 soyoil.

Preliminary changes in futures Open Interest as of September 30 were: SRW Wheat down 2,539 contracts, HRW Wheat up 336, Corn up 5,632, Soybeans up 8,272, Soymeal up 10,756, Soyoil down 2,864.

There were no changes in registrations. Registration total: 1,180 SRW Wheat contracts; 2 Oats; 17 Corn; 1 Soybeans; 365 Soyoil; 1 Soymeal; 1,273 HRW Wheat.


  • WHEAT, BARLEY TENDER: Tunisia’s state grains agency has issued an international tender to buy around 125,000 tonnes of soft wheat and 100,000 tonnes of barley
  • WHEAT TENDER: Pakistan’s Economic Coordination Committee approves the purchase of 550,000 tons of wheat in a tender that closed on Wednesday, the finance ministry said Thursday in a statement.


  • WHEAT TENDER: A United Nations agency has issued an international tender to purchase about 200,000 tonnes of milling wheat on behalf of the Ethiopian government

 U.S. Sold 1.1M Tons of Soybeans Last Week; 370K of Corn: USDA

USDA releases net export sales report on website for week ending Sept. 23.

  • Soybean sales rose to 1,102k tons vs 913k in previous week
  • All wheat sales fell to 290k tons vs 356k in previous week
  • Corn sales fell to 370k tons vs 373k in previous week

U.S. Export Sales of Soybeans, Corn and Wheat by Country

The following shows U.S. export sales of soybeans, corn and wheat by biggest net buyers for week ending Sept. 23, according to data on the USDA’s website.

  • China bought 776k tons of the 1.1m tons of soybeans sold in the week
  • Guatemala was the top buyer of corn and Japan led in wheat

U.S. Export Sales of Pork and Beef by Country

The following shows U.S. export sales of pork and beef product by biggest net buyers for week ending Sept. 23, according to data on the USDA’s website.

  • Mexico bought 20.5k tons of the 42.6k tons of pork sold in the week
  • Japan led in beef purchases

Saskatchewan Harvest Nears Completion But Soil Moisture Declines

Harvest in the Canadian agricultural province is 95% complete, well ahead of the five-year average at 70% for this time of year, Saskatchewan government says Thursday.

  • Cereals, lentils, chickpeas and field peas are nearly done being harvested, weekly crop report says
    • 92% of canola, 89% of soybeans and 75% of flax have been harvested
    • Regrowth on canola and flax fields pose harvesting challenges
  • Winter cereals cannot yet be planted and fall fertilizer is not being applied in many areas because of the extreme lack of soil moisture
  • General lack of precipitation and wind continue to negatively impact top soil moisture, while frost has also been reported
    • 17% of cropland topsoil moisture is rated adequate, 46% short, 44% very short
    • Wind continues to blow swaths around and “shell out” crops

Argentine Corn Planted Estimate Sept. 30: Exchange

The Buenos Aires Grain Exchange releases weekly report on website.

  • Corn 2021-22 planting 16.8% complete vs 8.5% in the previous week
  • Planting est. maintained at 7.1m ha

EU Raises Estimate for 2021 Soft-Wheat Harvest; Trims Barley

The EU’s soft-wheat harvest is now estimated at 131m tons, up from an August estimate of 127.2m tons, the European Commission said Thursday in a report.

  • Outlook for wheat export to third countries kept steady at 30m tons
  • Stockpile estimate raised to 13.2m tons
  • Barley crop estimate lowered to 52.4m tons, from 52.9m tons
  • Corn crop estimate cut to 68.8m tons from 71m tons
  • Rapeseed crop estimate little changed at 16.95m tons

Egypt Recommends France Use Its Shipping Firm for Wheat

Egypt’s supply minister met with French officials and recommended that France use Egypt’s state-owned shipping company as one way to reduce freight costs, the Egyptian supply ministry said in a statement.

  • That would make French sales to Egypt more competitive compared with supplies from Black Sea rivals
  • France proposed long-term supply contracts with Egypt as a prerequisite
  • Egypt’s supply minister said he is expected to speak next week before an annual meeting of a French grain group in Cairo

French Corn Harvest Stays Well Behind Last Year’s Pace: Agrimer

About 2% of the French corn crop was harvested as of Sept. 27, FranceAgriMer data showed on Friday.

  • That compares with 1% the prior week and 31% at the same time last year
  • NOTE: Showers next week in Europe could briefly slow the French corn harvest again, but aid wheat and rapeseed crops, Commodity Weather Group said Thursday in a note
  • Corn conditions held at 89% good or very good, unchanged from the prior week

Heavy India Sept Rains Ensure Normal Monsoon for 3rd Yr

India’s 2021 monsoon season officially came to an end on Thursday, marking a third consecutive year of normal summer rains and setting the stage for another year of record-high kharif crop production. Strong precipitation in September almost made up for the patchy performance in end July and most of August, the official forecaster said. The monsoon rainfall may persist for some more time in October as the moisture-laden winds continue to blow across the country.

Total rainfall over the crucial June-September season was 0.7% below the long period average of 88 centimetres, as per data from the IMD.A deviation of 4% from the long-period average is considered normal.

The government expects a record foodgrain production of 150.50 million tonnes in the kharif season, 12.71 million tonnes more than the average foodgrain production of the previous five years (2015-16 to 2019-20).

As per the first advance estimates released by the agriculture ministry last week, 23.39 million tonnes of oilseeds, 36.22 million cotton bales (of 170 kg each), 9.

Malaysia Sept. 1-30 Palm Oil Exports to India 364,066 Tons: SGS

  • India imported 364,066 tons; +40.4% m/m
  • China imported 224,624 tons; +104.7% m/m
  • South Africa imported 177,335 tons; +90.8% m/m

Russian Wheat-Export Tax to Rise to $57.80/Ton for Next Week

Russia’s wheat export customs duty will increase to $57.80/ton next week, from $53.50, the Agriculture Ministry said Friday on its website. The rates are set weekly and take effect three working days after publication.

U.S. Barge Shipments of Grain Rose 11% Last Week: USDA

Shipments along the Mississippi, Illinois, Ohio and Arkansas rivers increased in the week ending Sept. 25 from the previous week, according to the USDA’s weekly grain transportation report.

  • Barge shipments of corn rose 131% from the previous week
  • Soybean shipments down 25% w/w

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