![]() ![]() ![]() ** Planting of first-crop corn in Center-South Brazil reached 34.1% as of Sept. 2, 9 points below the last year and 3 points behind the five-year average, according to the USDA. ** Soybean harvest across the US was 22% complete by Oct. 2, 7% points behind the last year and 2% points behind the five-year average harvest pace. ** A total of 20% of corn acreage was harvested in the week ended Oct. 5, almost 8% up on the month, reflecting a multi-week high since July 11, 2022, according to S&P Global data. ** Platts assessed US Corn CIF New Orleans at $337.4/mt Oct. 2, 75% of US corn acreage was matured, 11 points behind the last year but equal to the five-year average, according to the US Department of Agriculture. ** Poor water level conditions in rivers and inland waterways have led to surging barge freights rates, further aggravating an already slow start to US grain exports for the 2022-23 marketing year (September-August), according to market sources. ** Weather outlook for the rest of October remains unfavorable with more than above-average temperatures expected to continue in the northern Plains and upper Midwest, both key grain-producing regions. 5, up 7.2% month on month, S&P Global data showed. ** Platts assessed EU wheat with 11% protein content CPT Rouen at $351.50/mt Oct. ** France and Germany, the top two wheat producers in Europe, both are expected to receive below-than-normal precipitation through Oct. ** Given expected lower yields due to hot and dry conditions seen in key wheat regions, total EU cereal production has been slashed by 8% on the year, to 270.9 million mt, according to the European Commission. 5, up 4.8% on the month, according to data from S&P Global Commodity Insights. ** Platts assessed Australian Premium White wheat at $371/mt Oct. ** Farmers in Western Australia, the country's largest wheat-producing state, could start harvesting in late October or early November, but wet weather could raise concerns around crop quality, market sources said. 23, according to the Australian Bureau of Meteorology. ** Chances of above-median rainfall in wheat-growing regions of New South Wales and Queensland remain higher over the next two weeks to Oct. Wet weather forecast for Western Australia and Queensland is also expected to pressure the protein content of the wheat, market sources said. New South Wales is the second-largest wheat producer in Australia, and farmers in the state will be harvesting a bumper crop in the 2022-23 marketing season (October-September), estimated at 10.2 million mt, according to data from the country's agriculture department. 6 issuing severe weather warning signals, including flash flooding, for parts of New South Wales. The triple-dip La Nina continues to bring heavy showers in Australia, with the Australian Bureau of Meteorology on Oct. Receive daily email alerts, subscriber notes & personalize your experience. ![]()
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