River conditions continue to stabilize although movement is still keeping nearby freight values enflamed.  Most stations on the IL River are now able to load barges.  In SA some 2” of rain is normal for the next 10 days in key areas of Argentina, but only 0.50” to 1.00” is expected from scattered storms over this coming weekend. There appears to be better chances 3/16-19, which would be 100 days past the 50% planted date of Dec 5 for beans.  Several rain events are expected for N Brazil through mid month.  There’s still a very low chance for some rain next week in driest HRW wheat areas.



Mixed ahead of tomorrow’s 11am report.  IMEA est’s the state of Mato Grosso crop to be down 15% from last year 25.9 (that’s an increase from last mo’s est 25.4). Higher planted acres are being offset by a 10% drop in yields.  Producers have been reducing their input costs.  Export Sales in the am should be in the 39-59 mill bu range.



Weaker on a slightly wetter Argentine forecast.  IMEA raised their est for the state of Mato Grosso 800 K to 31.79 MMT.  Oil World has the Argentine crop at 42 MMT and that the 17/18 global use will be 341 MMT, 2.2 LESS than the current USDA figure. China imports are est at 96, currently one less than USDA.  Thurs’s Export Sales should be 33-51 with only 15.8 mill needed.



Weaker in both currencies and equities.  The Plain’s lack of moisture hasn’t improved any.  Tomorrow’s Export Sales are expected to 7-18 mill with 11.90 mill needed per week.