Some fog this am disrupted barge switch service and kept causing disruptions all day once fleets got behind….which caused some truck lines.  In SA, Argentina has a chance at some showers this coming weekend producing up to an inch in the S and 2″ in the N.  Some 3″ is normal for this time period.   S Brazil stays this next week followed by a stormy period, while the N areas should turn wetter in the next 10 days to two weeks. Back home in the US there’s still a very low chance for some rain next week in driest HRW wheat areas.


UP 1

Mixed ahead of Thurs’s report.  Cordonnier lowered his Argentine corn est 1 MMT to 35.  Ag Rural raised Brazil’s Prod est 900 K to 89.9 mill.  On thurs, our US ending stocks are expected to drop 39 mbu from to 2.313 billion in a 2.222-2.352 bill range.



Old crop was weaker due to pressure from meal.  There was another sale announced of 120 K MT ysb’s sold to China. Safras is reporting Brazil’s producers being 44% sold, 2 points ahead of last year, 6 points less than normal.  Harvest continues to drag at 31% complete, down from 46% last year and 39% average.  AgRural raised Brazil’s est, from 116.2 MMT to 117.9 and Cordonnnier raised his 1 MMT to 114, while lowering Argentina 2 to 45 mill.




Weaker despite the lower US dollar and only limited chances for rain on the Plains.  Winter wheat conditions shows a wee bit of improvement with the KS crop 50%  Poor/Very Poor, vs 49% last week while OK, is 77% P/VP, one lower from last week.  US ending stocks on Thurs’s report is expected to be seen 2 mill bu lower at 1.007 bill in a 970-1.035 bill bu range.