Additional News From The Floor

Nikkei down .763%

Hang Seng down .302%

Shanghai Index down .170%

 

Eurozone April mfg PMI at 46.7 (4 month low) vs. Flash PMI of 46.5 and vs. March PMI of 46.8

 

USDA reported 290K US new crop beans sold to China

 

Palm oil down 27. Chinese grain markets beans 9 Yuan lower, corn 20 Yuan higher, meal 17 Yuan higher, palm oil 152 Yuan lower, bean oil 138 Yuan lower

 

RUMOR – from yesterday US importing South American beans.

 

Futures International expects Canadian bean exports to the US will increase  . Canada 1st quarter bean exports estimated at 550K tons , mostly to the US , vs. 416K tons a year ago

 

Second day Kansas wheat tour results. Western and southern Kansas average yield at 37.1 BPA vs. 43.7 BPA a year ago and vs. 39.5 BPA 5 year average

 

Reuters story reads “ some wheat fields in western Kansas a disaster”

 

Oklahoma Wheat Commission estimated Oklahoma’s wheat production at 85.5 MB vs. 154.8 MB a year ago

 

Chinese industry analysts said up to 4/25/13 northeast China has bought 3.713 MMT o beans for reserves down 3.41 MMT from a year ago

 

Chinese industry analysts said up to 4/25/13 northeast and central China has bought 102.558 MMT of corn for reserves up 24.5 M from a year ago .

 

Chinese industry analysts said official deadline for buying corn for reserves is extended to May 30th 2013

 

H7N9 bird flu – over 125 human cases and 24 deaths

 

ADM has resumed running ethanol plants at full capacity due to improved margins

 

Algeria seeks 50K optional origin barley for May shipment

 

Jordan bought 50K optional origin wheat for August shipment

 

Jordan seeks 150K optional origin barley

 

India STC tenders to sell 100K tons of wheat for June shipment

 

605 bean oil receipts were canceled yesterday afternoon Breakdown:

  • 62 out of ADM Decatur IL
  • 26 out of ADM Des Moines IA
  • 11 out of ADM Frankfurt IN
  • 16 out of ADM Lincoln NE
  • 229 out of ADM Quincy IL
  • 49 out of AG Processing Dawson MN
  • 28 out of AG Processing Mason City IA
  • 2 out of Cargill Kansas City MO
  • 37 out of Cargill Iowa Falls IA

 

99 rice receipts were canceled yesterday afternoon

 

Bangladesh Food Ministry said May 1st wheat stocks at 200,000 tons unchanged from a year ago

 

Bangladesh Food Ministry said May 1st rice stocks at 722,000 tons down 28% from a year ago

 

Bangladesh plans to replenish stocks with local rice

 

Bangladesh ‘12/13 rice crop is estimated at 34.0 MMT up slightly from a year ago

 

Vietnam Food Association said Vietnam exported 529,983 tons of rice between April 1- April 25

 

Vietnam Food Association said Vietnam exported 1.98 MMT of rice between Jan 1 – April 25th

 

Vietnam Food Association estimated Vietnam’s 2nd quarter rice exports at 2.2 MMT vs. 1.45 MMT in the 1st quarter

 

Thailand government estimated ‘13/14 rice crop at 37.4 MMT vs. previous estimate of 38.8 MMT

 

Snow in US northwest, rain in Central US through the weekend

 

Informa is coming out tomorrow at 1030 am CDT with their US winter wheat crop estimates.

 

Deliveries

  • Bean oil 490 with the date at 4/29/13
    • Term stopped 196
  • Wheat 591 with the date current
  • Rice 36 with the date at 4/30/13

 

Moving averages

  • CN 50 day at 663
  • CZ 50 day at 548 ¾
  • SMN 50 day at 409.90

 

Thank you,

 

Kate Rosenberg