Export Sales this morning:

https://apps.fas.usda.gov/export-sales/highlite.htm

Wheat:  Net  sales of 440,100 metric tons were reported for delivery in marketing year  2018/2019.Increases were primarily  for Taiwan (97,600 MT), Mexico (88,300 MT, including decreases of 200 MT), Japan  (53,200 MT), unknown destinations (49,200 MT), and Chile (40,000 MT).Reductions were reported for the United Kingdom (7,900 MT), Jamaica  (1,700 MT), and Belize (700 MT). Exports of 387,100 MT were reported to South Korea (63,000 MT), Thailand (49,500  MT), the Philippines (49,500 MT), Taiwan (49,300 MT), and Mexico (45,900 MT).

 Corn: Net sales of 440,700 MT for 2017/2018 were down 48 percent from the previous  week and 37 percent from the prior 4-week average.Increases were reported for Mexico (144,800 MT, including decreases of  3,600 MT), Egypt (109,200 MT, including 111,000 MT switched from Spain and  decreases of 1,800 MT), Vietnam (75,100 MT, including 68,000 MT switched from  unknown destinations), Colombia (74,200 MT, including 29,000 MT switched from  unknown destinations and decreases of 2,200 MT), and Saudi Arabia (71,900 MT).Reductions were primarily for unknown destinations (228,800 MT), Spain  (52,100 MT), and France (20,500 MT). For 2018/2019, net sales of 232,100 MT were reported for Guatemala (91,100 MT),  Mexico (45,700 MT), Japan (31,000 MT), and unknown destinations (25,400 MT).Exports of 1,514,800 MT were up 2 percent from the previous week, but  down 1 percent from the prior 4-week average.The destinations were primarily to Mexico (394,300 MT), Japan (200,200  MT), Taiwan (155,400 MT), South Korea (138,400 MT), and Egypt (127,200 MT).

 Optional Origin Sales: For 2017/2018, options were exercised to export 70,000 MT to Saudi Arabia from  the United States.Decreases of  10,000 MT were reported for Egypt. The current optional origin outstanding balance of 337,000 MT is for South Korea  (206,000 MT), unknown destinations (91,000 MT), and Egypt (40,000 MT).For 2018/2019, new optional origin sales of 50,000 MT were reported for  unknown destinations.The current  outstanding balance of 188,000 MT is for Saudi Arabia (70,000 MT), South Korea  (68,000 MT), and unknown destinations (50,000 MT).

 Barley: No net sales were reported for the week.Exports of 1,400 MT were to Japan (1,200 MT) and Taiwan (200 MT).

 Sorghum: Net sales of 37,200 MT, for 2017/2018 resulted as increases for Mexico (38,000  MT) and South Africa (9,200 MT, switched from unknown destinations), were  partially offset by reductions for unknown destinations (10,000 MT).Exports of 9,200 MT were to South Africa.

 Rice: Net sales of 27,100 MT for 2017/2018 were down 14 percent from the previous week  and 50 percent from the prior 4-week average.Increases were reported for Colombia (17,500 MT), Honduras (4,400 MT),  Canada (2,100 MT, including decreases of 400 MT), Jordan (600 MT), and Guatemala  (600 MT).For 2018/2019, net sales  of 13,500 MT were reported for Venezuela.Exports of 37,300 MT were down 34 percent from the previous week and 53  percent from the prior 4-week average.The destinations were primarily to Mexico (28,500 MT), Canada (2,600 MT),  El Salvador (1,800 MT), Japan (1,300 MT), and Saudi Arabia (700 MT).

 Soybeans: Net sales of 561,600 MT for 2017/2018 were up 57 percent from the previous week  and 78 percent from the prior 4-week average.Increases were reported for the Netherlands (162,100 MT, including  132,000 MT switched from unknown destinations), Pakistan (134,700, including  65,000 MT switched from unknown destinations, 60,000 MT switched from China, and  decreases of 300 MT), Bangladesh (109,300 MT, including 60,000 MT switched from  China, 55,000 MT switched from unknown destinations, and decreases of 6,700 MT),  Japan (80,400 MT, including 65,100 MT switched from unknown destinations and  decreases of 200 MT), and Germany (79,600 MT).Reductions were for China (366,000 MT). For 2018/2019, net sales of 458,700 MT reported for Mexico (193,600 MT), unknown  destinations (187,500 MT), Vietnam (60,500 MT), and Thailand (35,100 MT), were  partially offset by reductions for China (66,000 MT). Exports of 937,800 MT were up 87 percent from the previous week and 49 percent  from the prior 4-week average.The  destinations included the Netherlands (162,100 MT), Mexico (154,500 MT),  Pakistan (137,700 MT), Bangladesh (108,300 MT), and Japan (104,700 MT).

 Optional Origin Sales: For 2018/2019, the current optional origin outstanding balance of 228,000 MT is  for China (165,000 MT) and unknown destinations (63,000 MT).

 Export for Own Account: New exports for own account totaling 29,800 MT were reported to Canada.The current outstanding balance of 101,200 MT is for Canada.

 Export Adjustment:  Accumulated exports of soybeans to the Netherlands were adjusted down 79,601 MT  for week ending June 4^th. The correct destination is Germany and is included in this week’s report.

 Soybean Cake and Meal: Net sales of 132,800 MT for 2017/2018 were down 9 percent from the previous  week, but up 14 percent from the prior 4-week average.Increases were reported for the Philippines (31,600 MT), Ecuador (30,800  MT), Portugal (27,500 MT, including 28,000 MT switched from unknown destinations  and decreases of 500 MT), Mexico (17,100 MT, including decreases of 100 MT), and  Colombia (10,300 MT, including decreases of 900 MT).Reductions were reported for unknown destinations (25,000 MT).For 2018/2019, net sales of 61,600 MT were primarily for Guatemala  (44,200 MT) and Mexico (8,100 MT). Exports of 250,900 MT were down 8 percent from the previous week, but up 1  percent from the prior 4-week average.The primary destinations were the Philippines (49,500 MT), Venezuela  (30,000 MT), Portugal (27,500 MT), Mexico (20,900 MT), and Canada (19,100 MT).

 Soybean Oil: Net sales of 36,600 MT for 2017/2018 were up 20 percent from the previous week  and up noticeably from the prior 4-week average.Increases were primarily for South Korea (13,000 MT), unknown  destinations (12,300 MT), Venezuela (5,000 MT), Guatemala (3,000 MT), and Mexico  (1,400 MT).For 2018/2019, net sales  of 3,800 MT were reported for Mexico.Exports of 34,200 MT were up noticeably from the previous week and up 48  percent from the prior 4-week average.The primary destinations were South Korea (15,300 MT), Guatemala (6,600  MT), the Dominican Republic (4,200 MT), Jamaica (3,500 MT), and Colombia (2,500  MT).

 Export Adjustment:  Accumulated exports of soybean oil to Colombia were adjusted down 3,000 MT for  week ending May 24^th. This export was reported in error.

 Cotton: Net sales of 18,000 running bales for 2017/2018 were down noticeably from the  previous week and from the prior 4-week average.Increases were reported for Turkey (17,700 RB, including decreases of 600  RB), Vietnam (8,000 RB, including 11,000 RB switched from China, 2,000 RB  switched from South Korea, 300 RB switched from Japan, and decreases of 13,800  RB), Egypt (6,500 RB, including decreases of 100 RB), Taiwan (4,400 RB,  including decreases of 200 RB), and India (2,000 RB, including decreases of 200  RB).Reductions were reported for  China (8,100 RB), Thailand (7,200 RB), and Mexico (4,200 RB).For 2018/2019, net sales of 268,200 RB reported for Indonesia (67,300  RB), South Korea (59,100 RB), Mexico (43,900 RB), and Vietnam (40,700 RB), were  partially offset by reductions for Japan (900 RB).Exports of 411,600 RB were up 12 percent from the previous week, but down  4 percent from the prior 4-week average.The primary destinations were Turkey (69,900 RB), Vietnam (66,600 RB),  Indonesia (66,500 RB), Bangladesh (45,200 RB), and China (31,400 RB).Net sales of Pima totaling 1,000 RB for 2017/2018 were down 55 percent  from the previous week and 82 percent from the prior 4-week average.Increases were reported for Vietnam (2,600 RB), Turkey (2,500 RB), and  Thailand (1,700 RB).Reductions were  for China (6,100 RB).For 2018/2019,  net sales reductions of 33,400 RB resulted as increases for China (11,100 RB),  Pakistan (3,000 RB), and India (2,600 RB), were more than offset by reductions  for South Korea (50,200 RB).Exports  of 12,100 RB were down 5 percent from the previous week, but up 28 percent from  the prior 4-week average.The  primary destinations were China (3,500 RB), India (2,400 RB), and Vietnam (2,200  RB).

From Weather Friday:

The latest GFS is not that different from the last few solutions............which have been drying up the rains now for almost the last 2 weeks.

The main difference  is that its no longer an extended 6-10/8-14 day dry forecast.........its now and goes thru that period.

The heat ridge is either south or west of the main cornbelt on most solutions but some still have it farther northeast, into the Cornbelt. 

Last 12z GFS:

gfs_namer_360_200_wnd_ht	gfs_namer_360_500_vort_ht
gfs_namer_360_1000_500_thick	gfs_namer_360_850_temp_ht

Rainfall for 2 weeks......not much for Iowa:

                By metmike - July 6, 2018, 1:29 p.m.            

Latest 12z Canadian model ensembles just out are MORE bullish. Several members have a massive dome over much of the Cornbelt............some don't but are still dry.

384h GZ 500 forecast valid on Jul 22, 2018 12 UTC

Forecasts for the control (GEM 0) and the 20 ensemble members (global model not available)