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;\">**EIA Fuel Ethanol Stocks change (w/e 04/11): -220,000 bbls to 26.814 mln bbls; pct change -0.8%</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;\">**EIA Fuel Ethanol Production change (w/e 04/11): -9,000 bbl/day to +1,012,000 mln bbl/day</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:none;vertical-align:baseline;\">-- Grain trade sources Wednesday reported Jordan was thought to have made no purchase at their 120,000 mt Barley tender today. They also noted another tender is expected to announced shortly, with an offer deadline of April 23rd. Trade sources said there were four companies participating in today's tender.</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 Wednesday reported Iran is seeking 120,000 mt of feed Corn in a tender to close on April 21st. The grain is for shipment in June and/or July. Sources accepted include Brazil, Europe, Ukraine, Turkey or Russia.</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 Wednesday reported Iran is seeking 120,000 mt of feed Barley in a tender to close on April 21st. The grain is for shipment in June and/or July. Sources accepted include Europe, Ukraine, Turkey or Russia.</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;\">-- France AgriMer Wednesday forecast 24/25 Corn ending stocks at 3.39 mln mt (last month 3.08 mln mt)</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;\">-- France AgriMer Wednesday forecast 24/25 Barley ending stocks at 1.29 mln mt (last month 1.33 mln mt)</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;\">-- As of April 13, accumulated 24/25 MY EU Corn imports totaled 16.5 mln mt (last report 16.2 mln mt), that compares to the year earlier week's 14.6 mln mt</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;\">-- As of April 13, accumulated 24/25 MY EU Barley exports totaled 4.1 mln mt (last report 3.9 mln mt), that compares to the year earlier week's 5.0 mln mt</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, chilly conditions linger east of the Mississippi River, while warmth is returning farther west. Frost was reported early today as far south as Illinois, Indiana, and Ohio. Later today, Midwestern high temperatures should range from near 50°F in the vicinity of the Great Lakes to 80°F or higher in the middle Missouri Valley.</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, dry weather and near- or below-normal temperatures generally favor spring fieldwork. However, lowland flooding continues to impede planting progress in parts of the mid-South. In Arkansas, the White River at Clarendon appears to have crested late Tuesday, 6.08 feet above flood stage—the highest level in that location since May 2017.</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;\">-- Trade sources Wednesday reported Iran is seeking 120,000 mt of Soymeal in a tender to close on April 21st. The grain is for shipment in June and/or July. Sources accepted include Argentina or Brazil.</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;\">-- As of April 13, accumulated 24/25 MY EU Soybean imports totaled 10.9 mln mt (last report 10.3 mln mt), that compares to the year earlier week's 10.1 mln mt</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;\">-- As of April 13, accumulated 24/25 MY EU Rapeseed imports totaled 5.3 mln mt (last report 5.2 mln mt), that compares to the year earlier week's 4.6 mln mt</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;\">-- As of April 13, accumulated 24/25 MY EU Soymeal imports totaled 14.8 mln mt (last report 14.4 mln mt), that compares to the year earlier week's 11.7 mln mt</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;\">-- Media reports Tuesday suggest two more Iowa biodiesel plants have been idled over concerns about the unfinalized 45Z tax credits federal policies. The report estimates five Iowa plants are now offline, roughly a third of the state's capacity.</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;\">-- Tuesday's NOPA March 2025 US Soybean Crush: 194.55 million bushels; expected 197.6 mln bu.; prior month 177.87 mln bu</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;\">-- Tuesday's NOPA March 2025 US Soyoil Stocks: 1.498 billion lbs; expected 1.62 bln lbs; prior month 1.503 billion lbs</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 state run COFCO is reportedly hiring sizable numbers of workers in Brazil. Positions are being offered in sales, trading, operations and administration. The reported increase to hiring is in large part the importance of Brazil's agriculture export markets to China, and the trade war brought on with US tariffs on imported Chinese goods.</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, chilly conditions linger east of the Mississippi River, while warmth is returning farther west. Frost was reported early today as far south as Illinois, Indiana, and Ohio. Later today, Midwestern high temperatures should range from near 50°F in the vicinity of the Great Lakes to 80°F or higher in the middle Missouri Valley.</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, dry weather and near- or below-normal temperatures generally favor spring fieldwork. However, lowland flooding continues to impede planting progress in parts of the mid-South. In Arkansas, the White River at Clarendon appears to have crested late Tuesday, 6.08 feet above flood stage—the highest level in that location since May 2017.</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;\">-- Grain trade sources Wednesday reported Jordan was thought to have made no purchase at their 120,000 mt Barley tender today. They also noted another tender is expected to announced shortly, with an offer deadline of April 23rd. Trade sources said there were four companies participating in today's tender.</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;\">-- Traders Wednesday say 75,000 mt of optional origin soft mill Wheat is sought by Tunisia in a tender to close on Thursday, April 17th. Shipment is expected between May 20 to June 30, depending on origin.</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;\">-- Jordan's state grain buyer set April 22nd as the offer deadline in their tender seeking up to 120,000 mt of mill grade Wheat. The grain can be of optional origin, and is for shipment from July 1 through Sep 30th.</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 Wednesday reported Iran is seeking 120,000 mt of feed Barley in a tender to close on April 21st. The grain is for shipment in June and/or July. Sources accepted include Europe, Ukraine, Turkey or Russia.</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;\">-- India government data released Wednesday said the country's Wheat reserves as of April 1st stood at 11.8 mln mt, well ahead of the government's 7.46 mln mt target, and at a three year high level.</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;\">-- France AgriMer Wednesday forecast 24/25 soft wheat exports outside the EU at 3.1 mln mt (last month 3.2 mln); soft wheat exports within the EU are forecast at 6.42 mln mt (last month 6.28 mln mt) Soft wheat ending stocks are projected at 2.81 mln mt for the 24/25 MY (last month 2.91 mln mt)</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;\">-- France AgriMer Wednesday forecast 24/25 Barley ending stocks at 1.29 mln mt (last month 1.33 mln mt)</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;\">-- As of April 13, accumulated 24/25 MY EU Soft Wheat exports totaled 16.7 mln mt (last report 16.4 mln mt), that compares to the year earlier week's 25.7 mln mt</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;\">-- As of April 13, accumulated 24/25 MY EU Barley exports totaled 4.1 mln mt (last report 3.9 mln mt), that compares to the year earlier week's 5.0 mln mt</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;\">-- Buenos Aires Grain Exchange chief economist Tuesday afternoon suggested if the government extends its temporary tax cuts beyond June, then the exchange may raise its Wheat production forecast. The current projection is 20.5 mln mt.</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;\">-- Buenos Aires Grain Exchange Tuesday projected 2025/26 Argentina Wheat production at 20.5 mln mt, with 6.7 million hectares planted for the upcoming season.</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, warm, dry weather is further reducing soil moisture for pastures, rangeland, winter grains, and spring-sown crops. Later today, high temperatures should range from 80 to 90°F throughout the central and southern Plains.</span></p><br><br><br><br><br><br>lj</div>