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*China Jan/April SoyMeal shipments reported 6 LacTon/5 times to Last Year*Bunge to buy Private Railway Network in Brazil to handle supplies to Ports/Own Plants as Prdn soaring each yr

*Ukraine new Crops harvest may begin 2 weeks earlier as dryness maturing crops earlier *US Diesel stock builds/Implies demand slower

*Brazil closed last day so No major lead for Cbot *Brazil Flood destroyed 20 LacTon Soy crop-another 30 LacTon crop remain unharvested on excess Wetness in Fields

*Canada 71% of Canola sowed/Good Crop rating 87%*Russia new Wheat crop may drop below 800 LT*US Ethanol Prdn rising so DDGS supplies too soars/Cbot Meal $25 Ton drop in week good reason for Cbot drop

US new Soy crop may less than USDA estimate, refleting less than Favorable weather in Central Soy belt-Soy sowing trails LY but sowing pace showed No major drop to LY/5yr average

Russia’s exports could be down 8 mmt from what USDA’s forecasts and India is looking to import wheat, which is an anomaly. This looks to flip the global supply/demand balance sheets. Historically, wheat prices only go crazy when Russia has a drought.

The IMD forecast widespread rainfall over the next seven days, with heavy rain expected in Arunachal Pradesh, Assam, Meghalaya, and other northeastern States People enjoy rain at Fort Kochi beach on May 29, 2024. The southwest monsoon, responsible for 70% of India’s annual rainfall, arrived on the mainland a day earlier than the India Meteorological …

Continue reading “Monsoon arrives over Kerala, Northeast; IMD forecasts heavy rains over next 5 days”

Drop was due to higher domestic prices, reduced crop, and increasing demand from ethanol, poultry, and starch manufacturers India’s maize exports fell to a four-year low in the 2023-24 period, experiencing a 58 percent decline in volume. This drop was due to higher domestic prices and a reduced crop, coupled with increasing demand from ethanol, …

Continue reading “India maize exports in FY24 drop to 4-year low at 14.42 lt on higher domestic prices”