First US #corn ratings (good/excellent) came in at 69%, just shy of what the market expected (71%) and the long term average (70%). Note that they will probably come down from here due to seasonal decline and weather forecast. #oatt

Different weathermodels give a very different outlook in potential impact of the ridge that is currently present in Europe. However, they agree the very north is clearly too dry #wheat #rapeseed #oatt

The El Nino probability continues to move up and is now indicating an almost certain el nino and a 50%+ chance for a strong el nino from November till January. Strengthening potential global impact on crops even further, especially for #palmoil. #oatt

US #nass crop conditions continue to drop, and #corn is now closing in on a 20 year low if the current pace continues. #oatt

The current change in the ECMWF forecast for the US confirms how volatile the current projections are, with almost the entire growing area set to receive more rains than in the previous run. This makes the current weathermarket even more dynamic. #corn #soybeans #oatt

While weathermarkets are dictating price movement, Russia has once again expressed its displease about the #graincorridor, while performance has been worsening as well recently. This might make new crop exports more challenging. #corn #ukraine

Following the USDA stock report the bean/corn ratio reached levels that will likely make it appealing for South American Farmers to plant #Soybeans rather than #corn. #oatt

Russia has been indicating the last few weeks that they will not extend the Ukraine grain corridor, which expires on the 17th of July. That said, last time, in May, we experienced the same talk from Russia and the corridor was extended last minute. Please share your view.

Yesterday marked two weeks without any inbound movement in the graincorridor as we close in on the end of the current agreement. Prices so far have not reacted heavy to this new sentiment. #oatt #wheat

The new El Nino update suggests that from the beginning of next year onwards, the el nino pattern is easing again while the projected strength of the event is also lower than last months issue. This should be benificial for #Palm production in SouthEast asia. #oatt

The GFS model is indicating a bone dry two weeks for most of the key growing area in the US, while the ECMWF forecast start to show a similar pattern. This will likely lead to a crop reduction in the US for both #corn as well as #soybeans #oatt

RUSSIAN DEFENCE MINISTRY SAYS IT WILL CONSIDER ALL SHIPS TRAVELLING TO UKRAINIAN PORTS ON BLACK SEA AS POTENTIAL CARRIERS OF MILITARY CARGOES FROM 20 JULY -RIA

Spec money is flew out of #Matif #wheat, buying a total of 2MMT in just one week to have a neutral position #oatt

We already experienced extreme end of August heat in the US and the current outlook projects even more warmth during September, which may impact the #soybean crop to some extend. #oatt

Water levels in the Mississippi river continue to come down and current weather prospects do not give much hope for levels improving. This is likely to hinder US #corn and #soybeans export. #oatt

Following the low Mississippi water levels, barge rates are currently moving up steeply and are higher than this time of the year last year, when we ended up seeing record barge rates. This is likely to hinder both US inland logistics as well as US exports #corn #soybeans #oatt

📉 RIN values are dropping sharply! Stay informed with Ceras Analytics to understand the driving forces behind this drop and access our expert insights. 📊 #MarketAnalysis #CerasAnalytic #oatt

US barge rates start to mimic last year's pattern. We're still far from the levels that we saw last year, but the recent rains in the Mississippi basin are at least very welcome. #corn #soybeans #oatt

French spring Barley plantings are delayed at the moment. Which may lead to a bigger challenge to get the enitre crop planted. #oatt

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