Grain & Oilseed Mid-Session News Update
<div class=\"default-font-wrapper\" style=\"line-height: 1;font-size: 12pt; font-family: Verdana, Geneva, sans-serif;\"><p dir=\"ltr\" id=\"isPasted\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;\">Grain & Oilseed Mid-Session News Update</span></p><br><p dir=\"ltr\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;\">QT News - Top News</span></p><p dir=\"ltr\" id=\"isPasted\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:italic;font-variant:normal;text-decoration:none;vertical-align:baseline;\">CORN</span></p><p dir=\"ltr\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;\">-- Trade sources Friday estimated 68,000 mt of Corn was bought in a privately negotiated deal by the Korea Feed Association - Busan. They purportedly paid $252.99/mt cf, and the grain can be optionally sourced although Black Sea origins have been excluded. The grain is for delivery by mid July.</span></p><p dir=\"ltr\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;\">-- At a privately negotiated deal Friday, Nonghyup Feed of South Korea bought around 65,000 mt of Corn, according to trade sources. They reportedly paid $252.49/mt cf for delivery by July 20th.</span></p><p dir=\"ltr\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;\">-- Trade sources on Friday reported a privately negotiated deal saw Feed Leaders Committee buy around 65,000 mt of Corn. Origins accepted includes the United States, South Africa or South America. They reportedly paid $252.49/mt cf for delivery by July 10th</span></p><p dir=\"ltr\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;\">-- China's Ag Ministry on Friday reported the end of February sow herd rose +0.6% from the year earlier month to 40.7 mln head, and up from the end of January when the herd stood at 40.6 mln head.</span></p><p dir=\"ltr\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;\">-- Top economist with Chinese state run National Grain and Oil Information Center said announced US tariffs are not a threat to the domestic grain supply, noting markets had already anticipated to tariffs, but did concede that tariffs will significantly shift the world's trade patterns.</span></p><p dir=\"ltr\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;\">-- Weekly France AgriMer crop report Friday estimated the country's Winter Barley conditions at 70% good to excellent, that's above the 67% good to excellent in the year ago week.</span></p><p dir=\"ltr\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;\">-- Weekly France AgriMer crop report Friday noted the country's Spring Barley planting progress at 100% complete up from 97% last week</span></p><p dir=\"ltr\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;\">-- In the Corn Belt, a warm front accompanied by showers and thunderstorms is lifting slowly northward. The front separates much-above-normal temperatures (up to 30°F above normal, with today highs expected to approach 90°F) across Nebraska and the middle Mississippi River Valley from colder-than-normal conditions (highs struggling to reach 40°F) over the upper Midwest and northern Great Lakes.</span></p><p dir=\"ltr\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;\">-- In the South, moderate to heavy rainfall fueled by a subtropical air mass continues across the western Gulf Coast. While the rain has provided sorely-needed relief from Exceptional Drought (D4) in southern Texas, locally excessive showers falling on parched soils has exacerbated the flooding. Showers—albeit not as heavy—are advancing slowly eastward into the Delta.</span></p><br><br><p dir=\"ltr\" id=\"isPasted\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:italic;font-variant:normal;text-decoration:none;vertical-align:baseline;\">SOY</span></p><p dir=\"ltr\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;\">-- Executives speaking at oilseed industry conference in Tianjin China Friday suggested 1Q 2025 Chinese soybean imports could fall to record low around 13.5 mln, but then expect a sharp rebound in the 2Q, forecasting as much as 35.0 mln mt of soy imports.</span></p><p dir=\"ltr\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;\">-- Top economist with Chinese state run National Grain and Oil Information Center said announced US tariffs are not a threat to the domestic grain supply, noting markets had already anticipated to tariffs, but did concede that tariffs will significantly shift the world's trade patterns.</span></p><p dir=\"ltr\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;\">-- With Argentina farmers betting on possible tax breaks from the government and a weakening Argentine peso, international traders say soybean sales from Argentina farmers have slowed to their lowest pace in the past 10 years. Traders point to data shows as of March 19th only 18% of the country's 24/25 MY soy crop has been sold, the only slower pace seen at this time of the year was 15.7% back in the 14/15 MY</span></p><br><br><p dir=\"ltr\" id=\"isPasted\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:italic;font-variant:normal;text-decoration:none;vertical-align:baseline;\">WHEAT</span></p><p dir=\"ltr\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;\">-- Trade sources Friday reported some 55,000 mt of optional origin Wheat was purchased by South Korean based Feed Leaders Committee in a privately negotiated deal. The wheat was priced around $263.99/mt and is for delivery by the end of August.</span></p><p dir=\"ltr\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;\">-- Grain trade sources Friday reported around 55,000 mt of optional origin feed Wheat was purchased by South Korean based Major Feedmill Group in a privately negotiated deal. They reportedly paid $266.49/mt cf for delivery by July 30.</span></p><p dir=\"ltr\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;\">-- Weekly France AgriMer crop report Friday estimated the country's Soft Wheat conditions at 74% good to excellent, that's above the 66% good to excellent in the year ago week.</span></p><p dir=\"ltr\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;\">-- Weekly France AgriMer crop report Friday estimated the country's Durum Wheat conditions at 80% good to excellent, that's above the 73% good to excellent in the year ago week.</span></p><p dir=\"ltr\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;\">-- Weekly France AgriMer crop report Friday estimated the country's Durum Wheat planting progress at 99% complete up from 97% last week</span></p><p dir=\"ltr\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;\">-- Weekly France AgriMer crop report Friday estimated the country's Winter Barley conditions at 70% good to excellent, that's above the 67% good to excellent in the year ago week.</span></p><p dir=\"ltr\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;\">-- Weekly France AgriMer crop report Friday noted the country's Spring Barley planting progress at 100% complete up from 97% last week</span></p><p dir=\"ltr\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;\">-- On the Plains, very warm weather prevails save for locally chilly conditions in northernmost portions of the region, where some rain and wet snow is falling. Today’s high temperatures will reach the upper 80s to near 90°F from Nebraska southward. Expanding and intensifying drought in the Dakotas and over the southern half of the Plains continues to adversely impact winter wheat, rangeland, and pastures.</span></p><p dir=\"ltr\" style=\"line-height:1.2;margin-top:0pt;margin-bottom:0pt;\"><span style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;\">-- Much-above-normal temperatures will start the weekend from the central and southern Plains to the middle and southern Atlantic Coast States. A cold front will push southeastward over the weekend, bringing colder-than-normal conditions to the central and southern Plains by Sunday.</span></p><br></div>