@kannbwx

1h

#China imported 8.08 million tonnes of #soybeans in April, a record for the month on increased arrivals from Brazil. Jan-Apr imports of 28.4 mmt are down just 0.9% from last year's high. May arrivals are expected to remain relatively strong.

From last Friday:

@kannbwx

May 6

#Ukraine hopes to lift export capacity by 50% in the next few months by expanding western border facilities, but that new capacity would still not be enough to serve even half of the previous, peacetime volumes. The seaports are needed.

reuters.comUkraine hopes to boost export capacity by 50% in coming monthsUkraine hopes to grow export capacity by 50% in the next few months by expanding facilities on its western border, but it will still be far short of pre-war levels, the deputy infrastructure minister...

@kannbwx

May 6

I wouldn't read *too* far into this for now, it's just an observation. Though this story out of #China on Friday suggests demand for #soybeans may have softened (even if briefly) based on auction volumes:

@kannbwx

As of March 31, #Canada's #wheat stocks were down 39% on the year to the lowest levels for the date since 1989. #Canola fell 49% to the lowest for date since 2005 and #barley stocks, down 44%, was the lowest for March 31 in records back to 1981. #Oats were also record low.

@kannbwx

May 6

Time series for March 31 stocks of #wheat, #canola & #barley in #Canada. The fall-off of canola stocks is particularly abrupt, down 64% from 2020.

Preliminary data shows #Brazil exported 11.6M tonnes of #soybeans in April, down 28% from April 2021 (which was an all-time record for any month at 16.1 mmt). Current lineups & outlooks suggest May shipments could drop more than 40% on the year. Poor crop is to blame.

@kannbwx

After a historically dry April, the trend continues in Mato Grosso, #Brazil, the top #corn growing state. It has not rained much and the forecast is sparse. Second corn in MT is harvested primarily in July but the harvest starts up 2nd half of June.

@kannbwx

3m

If you're wondering why I always show Mato Grosso rainfall as North Mato Grosso, this is why! State is HUGE. The data I use offers sub-state divisions, and North MT is by far the crop-heaviest. Still a very big region, but at least narrows it down some.

metmike: This is normally the dry season for Mato Grosso! From May-Sep, the average rainfall is MUCH lower than the previous 4 months.

Here's what I mean by that:

https://www.worldweatheronline.com/mato-grosso-weather-averages/mato-grosso/br.aspx

n@kannbwx·

2h

Lousy U.S. export sales last week as #corn, #soybeans, #wheat & #cotton all hit marketing-year lows in the old crop. #Beef sales were a marketing-year high.

@kannbwx

USDA confirms the sale of 612,000 tonnes of U.S. #corn to #China. 68kt is for 2021/22 delivery and 544kt is for 2022/23.