MIDWEST
SUMMARY- Dry conditions central and western areas with some rain and snow
through far southeast areas, amounts 0.10-0.25 inch (3-6 mm) during the past 24
hours. Temperatures 21-41F (-6 to 5C) from northwest to southeast.
FORECAST-
TODAY... Dry conditions except for some lingering snow across far southeast
areas. Temperatures 27-43F (-3 to 6C).
TONIGHT... Dry conditions. Temperatures 10-26F (-12 to -3C).
TOMORROW...Dry conditions. Temperatures 21-43F (-6 to 6C).
OUTLOOK... Dry conditions Friday through Sunday. Temperatures near to below
normal Friday and Saturday, near to below normal east and near to above normal
west Sunday.
MIDWEST SOYBEAN PROSPECTS...
Periodic rain events will keep harvest slow across Ohio. A turn to colder,
drier weather is expected during the next 5 days which will improve conditions
for harvest. The soybean harvest is essentially complete elsewhere in the
Midwest.
Tuesday, December 6, 2011
India Soybean Weather - 6 Dec
PAKISTAN AND NORTH INDIA
SUMMARY- Dry weather expected most areas. Temperatures 49 to 90F (9 to 32C),
coolest in the far northern high terrain.
FORECAST-
TODAY...Mainly dry conditions in the region. Temperatures 48 to 89F (9 to
32C).
TONIGHT...Dry overnight.
TOMORROW...Mostly dry weather continuing. Temperatures 48 to 88F (9 to 31C),
coolest in the far northern high terrain.
OUTLOOK...A mainly dry weather pattered expected for the period Friday
through Sunday. Temperatures mild to warm.
INDIA SOYBEAN
CROP IMPACT- Mostly hot, dry weather will favor mature soybeans and the
harvest through the west-central India at this time, following an above average
Monsoon rainy season.
SUMMARY- Dry weather expected most areas. Temperatures 49 to 90F (9 to 32C),
coolest in the far northern high terrain.
FORECAST-
TODAY...Mainly dry conditions in the region. Temperatures 48 to 89F (9 to
32C).
TONIGHT...Dry overnight.
TOMORROW...Mostly dry weather continuing. Temperatures 48 to 88F (9 to 31C),
coolest in the far northern high terrain.
OUTLOOK...A mainly dry weather pattered expected for the period Friday
through Sunday. Temperatures mild to warm.
INDIA SOYBEAN
CROP IMPACT- Mostly hot, dry weather will favor mature soybeans and the
harvest through the west-central India at this time, following an above average
Monsoon rainy season.
North China Soybean Weather - 6 Dec
NORTHEASTERN CHINA
SUMMARY- A few brief/light snow and mixed showers in the far southwest, dry
weather observed elsewhere in the region yesterday. Temperatures -6 to 43F (-21
to 6C).
FORECAST-
TODAY...Mostly dry weather expected. Temperatures -7 to 40F (-22 to 4C).
TONIGHT...Dry overnight.
TOMORROW...Dry weather continuing in the region. Temperatures -7 to 32F (-22
to 0C).
OUTLOOK...Mainly dry Friday through Sunday, save for a chance of snow
showers/flurries during Saturday. Temperatures below normal this period.
CENTRAL CHINA
SUMMARY- Periods of patchy rain and northwestern snow/mix in the region
yesterday, 0.10-0.50 inch (3-13 mm). Temperatures 30 to 61F (-1 to 16C).
FORECAST-
TODAY...Rain/showers in the far south and across the Shandong Peninsula, with
some mixed precipitation possible, 0.10-0.30 inch (3-8 mm). Drier elsewhere.
Temperatures 27 to 59F (-3 to 15C).
TONIGHT...Precipitation diminishing/ending in the south overnight.
TOMORROW...Becoming mostly dry in the region, save for some lingering drizzle
across southeast coastal areas. Temperatures 21 to 48F (-6 to 9C).
OUTLOOK...Mainly dry Friday through Sunday. Temperatures below normal.
CHINA SOYBEANS
CROP IMPACT- No major concerns at this time for the final harvest effort for
soybeans in China. However, scattered showers may cause a few delays the next
couple days.
SUMMARY- A few brief/light snow and mixed showers in the far southwest, dry
weather observed elsewhere in the region yesterday. Temperatures -6 to 43F (-21
to 6C).
FORECAST-
TODAY...Mostly dry weather expected. Temperatures -7 to 40F (-22 to 4C).
TONIGHT...Dry overnight.
TOMORROW...Dry weather continuing in the region. Temperatures -7 to 32F (-22
to 0C).
OUTLOOK...Mainly dry Friday through Sunday, save for a chance of snow
showers/flurries during Saturday. Temperatures below normal this period.
CENTRAL CHINA
SUMMARY- Periods of patchy rain and northwestern snow/mix in the region
yesterday, 0.10-0.50 inch (3-13 mm). Temperatures 30 to 61F (-1 to 16C).
FORECAST-
TODAY...Rain/showers in the far south and across the Shandong Peninsula, with
some mixed precipitation possible, 0.10-0.30 inch (3-8 mm). Drier elsewhere.
Temperatures 27 to 59F (-3 to 15C).
TONIGHT...Precipitation diminishing/ending in the south overnight.
TOMORROW...Becoming mostly dry in the region, save for some lingering drizzle
across southeast coastal areas. Temperatures 21 to 48F (-6 to 9C).
OUTLOOK...Mainly dry Friday through Sunday. Temperatures below normal.
CHINA SOYBEANS
CROP IMPACT- No major concerns at this time for the final harvest effort for
soybeans in China. However, scattered showers may cause a few delays the next
couple days.
Southeast Asia Palm Oil Weather - 6 Dec
INDONESIA
SUMMARY- Tropical shower and thundershower activity in the region yesterday.
Rainfall amounts 0.10-1.50+ inches (3-38+ mm). Temperatures 78-96F (26-36C).
FORECAST-
TODAY...Additional scattered showers and thundershowers, 0.10-1.50 inches
(3-38 mm). Temperatures 78-97F (26-36C).
TONIGHT...Showers diminish some overnight.
TOMORROW...Scattered showers and thundershowers in the region, 0.10-1.25+
inches (3-32+ mm). Temperatures 77-96F (25-36C).
OUTLOOK...Scattered showers and thundershowers expected during the period
Friday through Sunday. Temperatures near normal.
MALAYSIA
SUMMARY- Scattered showers and thunderstorms yesterday, a few locally heavy
across Sarawak. Rainfall amounts 0.10-0.80+ inch (3-20+ mm). Temperatures
85-92F (29-33C).
FORECAST-
TODAY...Episodes of scattered showers and afternoon thundershowers. Rainfall
amounts of 0.10-75+ inch (3-19+ mm). Temperatures 84-93F (28-34C).
TONIGHT...Showers diminish overnight.
TOMORROW...Widely scattered showers and passing thundershowers. Rainfall
amounts of 0.10-0.75+ inch (3-19+ mm). Temperatures 83-92F (25-34C).
OUTLOOK...Passing showers and a few thundershowers Friday through Sunday.
Temperatures generally within a few degrees of average.
PHILIPPINES
SUMMARY- Widely showers and t-showers yesterday, 0.10-1.00+ inch (3-25+ mm).
Temperatures 84-95F (29-35C).
FORECAST-
TODAY...Scattered showers and afternoon thundershowers mainly in southern
portions of the region, 0.10-1.25 inches (3-32 mm). Temperatures 84-94F
(29-34C).
TONIGHT...Showers diminish overnight.
TOMORROW...Showers and thundershowers in the region, 0.10-1.25+ inches (3-32+
mm). Temperatures 83-95F (28-35C).
OUTLOOK...Scattered showers/PM t-showers Friday through Sunday. Temperatures
seasonable.
SOUTHEAST ASIA PALM
CROP IMPACT- Seasonal rains through oil palm areas of Malaysia and northern
Indonesia at this time will favor this crop. The recent increased shower
activity through southern Indonesia should help improve conditions in these
areas following the normal dry season.
SUMMARY- Tropical shower and thundershower activity in the region yesterday.
Rainfall amounts 0.10-1.50+ inches (3-38+ mm). Temperatures 78-96F (26-36C).
FORECAST-
TODAY...Additional scattered showers and thundershowers, 0.10-1.50 inches
(3-38 mm). Temperatures 78-97F (26-36C).
TONIGHT...Showers diminish some overnight.
TOMORROW...Scattered showers and thundershowers in the region, 0.10-1.25+
inches (3-32+ mm). Temperatures 77-96F (25-36C).
OUTLOOK...Scattered showers and thundershowers expected during the period
Friday through Sunday. Temperatures near normal.
MALAYSIA
SUMMARY- Scattered showers and thunderstorms yesterday, a few locally heavy
across Sarawak. Rainfall amounts 0.10-0.80+ inch (3-20+ mm). Temperatures
85-92F (29-33C).
FORECAST-
TODAY...Episodes of scattered showers and afternoon thundershowers. Rainfall
amounts of 0.10-75+ inch (3-19+ mm). Temperatures 84-93F (28-34C).
TONIGHT...Showers diminish overnight.
TOMORROW...Widely scattered showers and passing thundershowers. Rainfall
amounts of 0.10-0.75+ inch (3-19+ mm). Temperatures 83-92F (25-34C).
OUTLOOK...Passing showers and a few thundershowers Friday through Sunday.
Temperatures generally within a few degrees of average.
PHILIPPINES
SUMMARY- Widely showers and t-showers yesterday, 0.10-1.00+ inch (3-25+ mm).
Temperatures 84-95F (29-35C).
FORECAST-
TODAY...Scattered showers and afternoon thundershowers mainly in southern
portions of the region, 0.10-1.25 inches (3-32 mm). Temperatures 84-94F
(29-34C).
TONIGHT...Showers diminish overnight.
TOMORROW...Showers and thundershowers in the region, 0.10-1.25+ inches (3-32+
mm). Temperatures 83-95F (28-35C).
OUTLOOK...Scattered showers/PM t-showers Friday through Sunday. Temperatures
seasonable.
SOUTHEAST ASIA PALM
CROP IMPACT- Seasonal rains through oil palm areas of Malaysia and northern
Indonesia at this time will favor this crop. The recent increased shower
activity through southern Indonesia should help improve conditions in these
areas following the normal dry season.
India Rapeseed Weather - 6 Dec
PAKISTAN AND NORTH INDIA
SUMMARY- Dry weather expected most areas. Temperatures 49 to 90F (9 to 32C),
coolest in the far northern high terrain.
FORECAST-
TODAY...Mainly dry conditions in the region. Temperatures 48 to 89F (9 to
32C).
TONIGHT...Dry overnight.
TOMORROW...Mostly dry weather continuing. Temperatures 48 to 88F (9 to 31C),
coolest in the far northern high terrain.
OUTLOOK...A mainly dry weather pattered expected for the period Friday
through Sunday. Temperatures mild to warm.
SOUTH INDIA
SUMMARY- Mostly dry yesterday. Temperatures 83 to 94F (28 to 34C).
FORECAST-
TODAY...Mainly dry conditions expected in the region. Temperatures 82 to 94F
(28 to 34C).
TONIGHT...Patchy areas of haze, otherwise generally fair skies overnight.
TOMORROW...A few showers developing across southeast coastal areas (Tamil
Nadu), 0.10-0.30 inch (3-8 mm). Mainly dry elsewhere. Temperatures 80 to 93F
(27 to 34C).
OUTLOOK...Scattered showers possible across far southern areas this period,
mainly dry elsewhere Friday through Sunday. Temperatures mild to warm.
INDIA RAPESEED
CROP IMPACT- Oilseeds planting continuing, with no major concerns at this
time.
SUMMARY- Dry weather expected most areas. Temperatures 49 to 90F (9 to 32C),
coolest in the far northern high terrain.
FORECAST-
TODAY...Mainly dry conditions in the region. Temperatures 48 to 89F (9 to
32C).
TONIGHT...Dry overnight.
TOMORROW...Mostly dry weather continuing. Temperatures 48 to 88F (9 to 31C),
coolest in the far northern high terrain.
OUTLOOK...A mainly dry weather pattered expected for the period Friday
through Sunday. Temperatures mild to warm.
SOUTH INDIA
SUMMARY- Mostly dry yesterday. Temperatures 83 to 94F (28 to 34C).
FORECAST-
TODAY...Mainly dry conditions expected in the region. Temperatures 82 to 94F
(28 to 34C).
TONIGHT...Patchy areas of haze, otherwise generally fair skies overnight.
TOMORROW...A few showers developing across southeast coastal areas (Tamil
Nadu), 0.10-0.30 inch (3-8 mm). Mainly dry elsewhere. Temperatures 80 to 93F
(27 to 34C).
OUTLOOK...Scattered showers possible across far southern areas this period,
mainly dry elsewhere Friday through Sunday. Temperatures mild to warm.
INDIA RAPESEED
CROP IMPACT- Oilseeds planting continuing, with no major concerns at this
time.
DJ Grain Highlight : Top Stories of the Day
TOP STORIES:
WSJ: MF Global Havoc Felt On The Farm
The havoc wreaked by MF Global's bankruptcy filing has been felt not just by
Wall Street investors and traders, but also by wheat and corn growers, cattle
ranchers and pig farmers. Dotting the farm belt, many who used the commodities
market to protect against price swings are finding their money locked up and
their hedges unwound due to the firm's downfall.
StatsCan Confirms Larger Canadian Canola, Wheat Crops
WINNIPEG (Dow Jones)--The upward nudge in the crop-production estimates
released by Statistics Canada on Dec. 6 for canola and all wheat grown in Canada
during the 2011-12 (August-July) crop year was a bit bigger than expected while
the forecast for oats and barley suggested a tight supply situation.
Yara Says High Grain Prices Will Boost Sales
Norwegian fertilizer company Yara International ASA (YAR.OS) Tuesday said
farmers hoping to take advantage of currently high grain prices should boost
demand and lift sales of its own products and those from its joint-ventures by 8
million tons by 2016.
STORIES OF INTEREST:
Ritz: Marketing Freedom For West Canada Grain Farmers On Horizon
WINNIPEG, Manitoba (Dow Jones)--Canada's Agriculture Minister Gerry Ritz
appeared before a Senate Committee Tuesday to reinforce the importance of
passing the Marketing Freedom for Grain Farmers Act before year's end.
USDA Seeks To Expand Company Self-Approval For Meat Labeling
WASHINGTON (Dow Jones)--The U.S. Department of Agriculture is looking to cut
its workload and reduce the time it takes for some food products to hit
supermarket shelves by allowing producers to forego government label approval on
more types of meat products.
THE MARKETS:
US GRAIN AND SOY REVIEW: Corn Rebounds Amid Lack Of Farmer Sales
CHICAGO (Dow Jones)--U.S. grain and soybean futures ended higher Tuesday, as a
lack of farmer selling helped corn rebound from multi-month lows.
US CASH GRAIN: Corn Basis Levels Firm Amid Lack Of Farmer Sales
CHICAGO (Dow Jones)--A lack of export demand and stumbling futures prices have
yet to prompt panic among corn farmers, analysts said.
US LIVESTOCK REVIEW: Cattle Futures Extend Losses; Hogs Rebound
CHICAGO (Dow Jones)--U.S. live cattle futures posted modest losses on Tuesday,
extending a sharp selloff as investors were ever more suspicious that prices are
primed to fall.
WSJ: MF Global Havoc Felt On The Farm
The havoc wreaked by MF Global's bankruptcy filing has been felt not just by
Wall Street investors and traders, but also by wheat and corn growers, cattle
ranchers and pig farmers. Dotting the farm belt, many who used the commodities
market to protect against price swings are finding their money locked up and
their hedges unwound due to the firm's downfall.
StatsCan Confirms Larger Canadian Canola, Wheat Crops
WINNIPEG (Dow Jones)--The upward nudge in the crop-production estimates
released by Statistics Canada on Dec. 6 for canola and all wheat grown in Canada
during the 2011-12 (August-July) crop year was a bit bigger than expected while
the forecast for oats and barley suggested a tight supply situation.
Yara Says High Grain Prices Will Boost Sales
Norwegian fertilizer company Yara International ASA (YAR.OS) Tuesday said
farmers hoping to take advantage of currently high grain prices should boost
demand and lift sales of its own products and those from its joint-ventures by 8
million tons by 2016.
STORIES OF INTEREST:
Ritz: Marketing Freedom For West Canada Grain Farmers On Horizon
WINNIPEG, Manitoba (Dow Jones)--Canada's Agriculture Minister Gerry Ritz
appeared before a Senate Committee Tuesday to reinforce the importance of
passing the Marketing Freedom for Grain Farmers Act before year's end.
USDA Seeks To Expand Company Self-Approval For Meat Labeling
WASHINGTON (Dow Jones)--The U.S. Department of Agriculture is looking to cut
its workload and reduce the time it takes for some food products to hit
supermarket shelves by allowing producers to forego government label approval on
more types of meat products.
THE MARKETS:
US GRAIN AND SOY REVIEW: Corn Rebounds Amid Lack Of Farmer Sales
CHICAGO (Dow Jones)--U.S. grain and soybean futures ended higher Tuesday, as a
lack of farmer selling helped corn rebound from multi-month lows.
US CASH GRAIN: Corn Basis Levels Firm Amid Lack Of Farmer Sales
CHICAGO (Dow Jones)--A lack of export demand and stumbling futures prices have
yet to prompt panic among corn farmers, analysts said.
US LIVESTOCK REVIEW: Cattle Futures Extend Losses; Hogs Rebound
CHICAGO (Dow Jones)--U.S. live cattle futures posted modest losses on Tuesday,
extending a sharp selloff as investors were ever more suspicious that prices are
primed to fall.
Corn Rebounds Amid Lack of Farmers Sales
CHICAGO (Dow Jones)-- U.S. grain and soybean futures ended higher Tuesday, as
a lack of farmer selling helped corn rebound from multi-month lows.
Corn for December delivery at the Chicago Board of Trade ended up 5 cents to
$5.85 1/4 per bushel, up from an early low of $5.70, which was the lowest price
for front-month corn in a year.
March corn, the most-active contract, also ended up, rebounding from 9-month
lows early in the session to close up 5 1/2 cents to $5.96 1/2.
Traders said corn led the way higher, as the market shook off the early
losses, which were fueled by persistently sluggish export demand. The higher
close staves off what traders said would have been a negative close technically,
one that would have likely prompted trend-followers to sell.
A lack of farmer selling has underpinned the market, and the downturn in
futures hasn't prompted them to release supplies.
"Basis is tight and farmers aren't selling a lot of corn, suggesting it's not
there," says Joel Karlin of Western Milling. Basis is the difference between
cash market and futures prices.
Other analysts said that farmers do have grain to sell, but that after making
strong profits this year as grain prices soared, they have the luxury of holding
on to the grain and waiting for prices to rebound in the new year.
Regardless of what happens over the next few months, corn supplies are going
to remain tight in 2012, domestically and globally, added Shawn McCambridge,
senior grains analyst for Prudential Bache.
But lackluster export sales have cast a negative tone over the market in
recent weeks. A large purchase of European corn by Japan, which typically relies
on U.S. supplies, highlighted those concerns Tuesday.
"We [the U.S.] just don't have our traditional export customers. If we're more
expensive, they're going to head down the road," said Chad Henderson, an analyst
with Prime Ag Consultants, a Wisconsin brokerage.
Soybean and wheat futures joined in the rally Tuesday. CBOT soy for January
delivery ended up 3 1/4 cents at $11.29 1/2 a bushel
Uncertainty about the soy crop in South America, where forecasts are lacking
rain, is also underpinning prices, although some traders are dismissive of those
concerns. Forecasts call for mostly dry weather across key growing regions over
the next several days.
"There's been more talk this week of South American weather turning drier, but
it's just talk," Tim Hannagan of PFG Best said in a report to clients.
December CBOT wheat ended flat at $5.98 3/4 while other contracts closed
higher. December wheat at the Kansas City Board of Trade ended up 1/2 cent to
$6.67 and Minneapolis Grain Exchange December wheat closed up 6 cents to $8.54
1/4.
Other Markets
U.S. rice futures closed higher, rebounding from a recent slump as firmer cash
prices underpinned the market.
Rice futures, which have tumbled throughout the fall, are cheap compared to
cash prices, said Price Futures Group Vice President Jack Scoville. "The cash
market is pretty dead, but it's quoted higher" he said.
CBOT January rice closed up 21c at $14.59 1/2 per hundredweight.
CBOT oats futures end mostly lower. Front-month December oats ended flat at $3
a bushel while most-active March oats settled down 3 1/4 cents to $3.03 3/4.
Ethanol futures were mixed, with January ethanol ending down $0.023, or 1%, to
$2.181 per gallon. Some deferred contracts were higher.
a lack of farmer selling helped corn rebound from multi-month lows.
Corn for December delivery at the Chicago Board of Trade ended up 5 cents to
$5.85 1/4 per bushel, up from an early low of $5.70, which was the lowest price
for front-month corn in a year.
March corn, the most-active contract, also ended up, rebounding from 9-month
lows early in the session to close up 5 1/2 cents to $5.96 1/2.
Traders said corn led the way higher, as the market shook off the early
losses, which were fueled by persistently sluggish export demand. The higher
close staves off what traders said would have been a negative close technically,
one that would have likely prompted trend-followers to sell.
A lack of farmer selling has underpinned the market, and the downturn in
futures hasn't prompted them to release supplies.
"Basis is tight and farmers aren't selling a lot of corn, suggesting it's not
there," says Joel Karlin of Western Milling. Basis is the difference between
cash market and futures prices.
Other analysts said that farmers do have grain to sell, but that after making
strong profits this year as grain prices soared, they have the luxury of holding
on to the grain and waiting for prices to rebound in the new year.
Regardless of what happens over the next few months, corn supplies are going
to remain tight in 2012, domestically and globally, added Shawn McCambridge,
senior grains analyst for Prudential Bache.
But lackluster export sales have cast a negative tone over the market in
recent weeks. A large purchase of European corn by Japan, which typically relies
on U.S. supplies, highlighted those concerns Tuesday.
"We [the U.S.] just don't have our traditional export customers. If we're more
expensive, they're going to head down the road," said Chad Henderson, an analyst
with Prime Ag Consultants, a Wisconsin brokerage.
Soybean and wheat futures joined in the rally Tuesday. CBOT soy for January
delivery ended up 3 1/4 cents at $11.29 1/2 a bushel
Uncertainty about the soy crop in South America, where forecasts are lacking
rain, is also underpinning prices, although some traders are dismissive of those
concerns. Forecasts call for mostly dry weather across key growing regions over
the next several days.
"There's been more talk this week of South American weather turning drier, but
it's just talk," Tim Hannagan of PFG Best said in a report to clients.
December CBOT wheat ended flat at $5.98 3/4 while other contracts closed
higher. December wheat at the Kansas City Board of Trade ended up 1/2 cent to
$6.67 and Minneapolis Grain Exchange December wheat closed up 6 cents to $8.54
1/4.
Other Markets
U.S. rice futures closed higher, rebounding from a recent slump as firmer cash
prices underpinned the market.
Rice futures, which have tumbled throughout the fall, are cheap compared to
cash prices, said Price Futures Group Vice President Jack Scoville. "The cash
market is pretty dead, but it's quoted higher" he said.
CBOT January rice closed up 21c at $14.59 1/2 per hundredweight.
CBOT oats futures end mostly lower. Front-month December oats ended flat at $3
a bushel while most-active March oats settled down 3 1/4 cents to $3.03 3/4.
Ethanol futures were mixed, with January ethanol ending down $0.023, or 1%, to
$2.181 per gallon. Some deferred contracts were higher.
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