Tuesday April 30, 2024

  • The USDA export inspections report showed all corn. bean and wheat shipments within the range of pre-report estimates.¬† The USDA¬†report estimates are still lower then ideal historical export levels.
  • Corn is running 2% ahead of pace to meet total expectations
  • Bean export pace for this week is below average but running ahead of what’s needed by 4%
  • Wheat is 6% ahead of the pace needed
  • US Crop progress
  • Corn planting at 27% this week, 5% ahead of the five year average
  • Soybean planting at 18% complete, 8% ahead of average.
  • Winter Wheat condition ratings at 49% Good/Excellent, in line with expectations
  • Parts of the HRW belt received some much needed rain over the weekend, some areas were missed
  • Russian state meteorologist is forecasting continued drought conditions in Southwestern Russia, throughout May.  Greatly affect the wheat crop.
  • Labor strike at Argentina crush facilities
  • A new industry coalition has been formed called the Sustainable Aviation Fuel Coalition