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DJ U.S. Export Sales: Weekly Sales Totals-Aug 26 For the week ended Aug 19, in thousand metric tons, except cotton in thousand running bales. Net changes in commitments are gross sales, less cancellations, buy-backs and other downward adjustments. Total commitments are total export shipments plus total sales. The marketing year for wheat and barley began Jun 1, cotton and and rice Aug 1, corn, soybeans and sorghum Sep 1, and soymeal and soyoil Oct 1. Source: USDA wk’s net chg total in commitments commitments undlvd sales this yr next yr this yr last yr this yr next yr wheat 116.0 0.0 9127.9 11727.0 4116.7 0.0 hrw 90.5 0.0 3251.6 4493.2 1472.8 0.0 srw 4.1 0.0 1599.4 1084.6 841.6 0.0 hrs 21.1 0.0 2583.1 3455.3 1121.8 0.0 white 0.2 0.0 1643.2 2229.8 673.1 0.0 durum 0.1 0.0 50.6 464.2 7.4 0.0 corn 6.6 684.0 70324.2 44491.8 4151.6 19282.7 soybeans 75.1 1750.0 62159.9 47284.1 2196.5 15615.0 soymeal 61.7 139.5 12062.2 12045.1 1406.9 1661.5 soyoil 3.0 0.0 686.5 1267.9 20.0 0.7 upland cotton 245.1 67.9 5463.9 6851.8 4850.5 643.5 pima cotton 14.3 0.0 138.5 207.9 119.2 0.0 sorghum 53.1 0.0 7134.6 4625.2 296.0 1594.9 barley 0.4 0.0 25.3 39.2 21.4 0.0 rice 79.5 0.0 645.2 452.3 466.6 0.0 WHEAT General Comments: Wheat was lower on weaker European futures and despite ideas of increasing demand potential as world prices rallied on short supplies, especially in Russia. The demand has not been seen here, so the Winter Wheat markets have not been able to do more than hold in a range Dry weather in southern Russia as well as the northern US Great Plains and Canadian Prairies remains a supportive feature in the market although the US and Canada are seeing some showers this week. Crop size estimates in Russia have been reduced and domestic Russian prices are above world prices. The Russian weather has been good for production in northern and western areas but is still trending dry in southern areas and into Kazakhstan. Some showers are no in the forecast for the drier areas but are not expected to help much. The weather in China and Europe is wet and there is potential for reduced quality in Europe. Europe is expecting top yields in some areas but less yield in others and parts of eastern Europe and northern Russia are expecting strong yields. Overnight News: The southern Great Plains should get isolated showers. Temperatures should be near to above normal. Northern areas should see mostly dry conditions. Temperatures will be near normal. The Canadian Prairies should see isolated showers or dry conditions. Temperatures should average near to below normal. Chart Analysis: Trends in Chicago are mixed. Support is at 704, 695, and 690 September, with resistance at 720, 732, and 735 September. Trends in Kansas City are mixed. Support is at 695, 688, and 678 September, with resistance at 725, 735, and 756 September. Trends in Minneapolis are mixed. Support is at 905, 891, and 888 September, and resistance is at 936, 954, and 960 September. RICE: General Comments: Rice closed a little lower with spreads between September and November still the most active trade. Harvesting continues in Louisiana and Texas. A delayed harvest is expected in Mississippi and Arkansas. The harvest is now expanding through southern growing areas. Initial yield reports and quality reports have been acceptable to many in Texas and are called good in Louisiana. Smut has been reported in Texas but the smut is coming off the grain in the cleaning process. The smut problem appears to be worse around Houston. The harvest pace is expected to be slow due to ongoing showers in both regions and farther into the north. Ideas of average yields are also heard in Arkansas and Mississippi. Growing conditions have been mixed at best with many areas getting too much rain. Chart trends are sideways. Overnight News: The Delta should get isolated showers. Temperatures should be near to below normal. Chart Analysis: Trends are mixed. Support is at 1318, 1308, and 1294 September, with resistance at 1344, 1355, and 1358 September CORN AND OATS: General Comments: Corn was higher on fund buying. The weather remains a feature of the trade but is less important now as pollination is done and the Corn is filling kernels and starting to mature. Some forecasts call for improved weather, especially in the western belt. The eastern belt should stay warm and dry. The growing conditions in the US are highly variable and not likely to produce trend line or record yields. It is still too dry in many areas of the west and drier weather is expected in the east. Some showers are in the forecast for the west but it is still hot. Ideas are that Brazil Corn production could be less than 85 million tons so reduced production estimates are expected in coming reports. Oats were higher again as the weather remains bad for production even with the crop near or in harvest. The uncertain weather in the northern Great Plains and Canadian Prairies remains the best support for the market. Canadian Oats areas and those in the northern Great Plains remain too hot and dry. Some rain is now in the forecast but is too little and too late to materially help crops. Overnight News: Colombia bought 100,000 tons of US Corn. Chart Analysis: Trends in Corn are mixed. Support is at 544, 537, and 531 September, and resistance is at 557, 561, and 575 September. Trends in Oats are mixed. Support is at 494, 489, and 475 September, and resistance is at 520, 526, and 532 September. SOYBEANS General Comments: Soybeans and Soybean Oil were higher yesterday but Soybean Meal was lower. Funds were the most active traders in all three markets. The market got sold out earlier in the week. China bought another two shipments of Soybeans on Monday but demand is still weaker than expected overall. Demand threats mostly surfaced late in the week and were caused by reports that the EPA was about to submit to the White House new bio fuels blending requirements that could call for less bio fuels demand. Crude Oil was up a lot again yesterday, so Soybean Oil was able to rally again. US weather is still a feature in the market as it remains hot in the west and is dry in just about all areas now. Western areas could get some showers this week, but eastern areas look to stay drier. And will feature warm temperatures as well. Soybeans conditions in central production area started the year too wet and have suffered some production losses Overnight News: China bought 133,000 tons of US Soybeans and unknown destinations bought 132,150 tons of US Soybeans. Chart Analysis: Trends in Soybeans are mixed. Support is at 1312, 1296, and 1281 September, and resistance is at 1358, 1368, and 1388 September. Trends in Soybean Meal are mixed. Support is at 347.00, 342.00, and 341.00 September, and resistance is at 359.00, 364.00, and 365.00 September. Trends in Soybean Oil mixed. Support is at 5980, 5870, and 5710 September, with resistance at 6200, 6320, and 6440 September CANOLA AND PALM OIL General Comments: Palm Oil rallied along with Soybean Oil today. Exports so far this month have not been strong but the market is concerned about production due to worker shortages in Malaysia. There are just not enough workers in the fields due to Coronavirus restrictions. Production has also been down to more than offset the export losses so prices have trended higher. Canola closed higher again on price action in Chicago and on stressful crop growing conditions in the Prairies. It has been a hot and dry Summer to date but some showers are in the forecast for this week. Production ideas are down due to the extreme weather seen in these areas. It remains generally dry and warm in the Prairies. Overnight News: Chart Analysis: Trends in Canola are mixed. Support is at 884.00, 867.00, and 850.00 November, with resistance at 908.00, 940.00, and 949.00 November. Trends in Palm Oil are mixed. Support is at 4160, 4050, and 3970 November, with resistance at 4430, 4530, and 4580 November. Midwest Weather Forecast: Isolated showers north and west, showers and storms south and east. Temperatures should average near normal. US Gulf Cash Basis Corn HRW SRW Soybeans Soybean Meal Soybean Oil June July May May May July July July July August July July July DJ ICE Canada Cash Grain Close – Aug 25 WINNIPEG — The following are the closing cash canola prices from ICE Futures. Source: ICE Futures Price Basis Contract Change CANOLA *Par Region 923.30 25.00 Nov 2021 up 22.20 Basis: Thunder Bay 964.40 50.00 Nov 2021 up 16.10 Basis: Vancouver 994.40 80.00 Nov 2021 up 16.10 All prices in Canadian dollars per metric tonne. *Quote for previous day Source: Commodity News Service Canada ([email protected], 204-414-9084, or cell 204-782-5944) DJ Malaysian PM Cash Market Prices for Palm Oil – Aug 26 The following are prices for Malaysian palm oil in the cash market at 1000 GMT Thursday, supplied by commodity broker Matthes & Porton Bhd. Prices are quoted in U.S. dollars a metric ton, except for crude palm oil and palm kernel oil, which are in ringgit a ton. Palm kernel oil prices are in ringgit a pikul, a Malaysian measurement equivalent to 60 kilograms. Refined, bleached and deodorized palm oil, FOB, Malaysian ports Offer Change Bid Change Traded Sept 1167.50 +05.00 Unquoted – – Oct/Nov/Dec 1112.50 +20.00 Unquoted – – Jan/Feb/Mar 1045.00 +07.50 Unquoted – – Apr/May/Jun 992.50 +10.00 Unquoted – – RBD palm olein, FOB, Malaysian ports Offer Change Bid Change Traded Sept 1170.00 +05.00 Unquoted – – Oct/Nov/Dec 1115.00 +20.00 Unquoted – – Jan/Feb/Mar 1047.50 +07.50 Unquoted – – Apr/May/Jun 995.00 +10.00 Unquoted – – RBD palm stearin, FOB, Malaysian ports Offer Change Bid Change Traded Sept 1125.00 +15.00 Unquoted – – Palm Fatty Acid Distillate, FOB Malaysian ports Offer Change Bid Change Traded Sept 1050.00 +10.00 Unquoted – – Crude palm oil, Delivered Basis, South Malaysia Offer Change Bid Change Traded Sept 4,650.00 +30.00 Unquoted – – Palm kernel oil, Delivered Basis, South Malaysia Offer Change Bid Change Traded 1Sept 317.00 -01.00 Unquoted – – ($1=MYR4.193) DJ China Dalian Grain Futures Closing Prices, Volume – Aug 26 Soybean No. 1 Turnover: 171,502 lots, or 10.11 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-21 5,842 5,884 5,820 5,863 5,822 5,856 34 1,585 5,302 Nov-21 5,898 5,926 5,859 5,901 5,848 5,897 49 117,710 140,263 Jan-22 5,888 5,905 5,847 5,898 5,852 5,885 33 33,649 49,694 Mar-22 5,899 5,899 5,832 5,885 5,852 5,869 17 14,151 17,210 May-22 5,910 5,918 5,862 5,907 5,885 5,894 9 743 2,109 Jul-22 5,897 5,897 5,847 5,882 5,871 5,878 7 3,664 4,333 Corn Turnover: 615,947 lots, or 15.47 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-21 2,591 2,598 2,588 2,590 2,591 2,594 3 33,351 47,170 Nov-21 2,509 2,517 2,498 2,498 2,518 2,506 -12 71,514 299,167 Jan-22 2,507 2,510 2,492 2,494 2,512 2,500 -12 425,434 751,177 Mar-22 2,521 2,528 2,511 2,516 2,528 2,517 -11 46,565 110,527 May-22 2,565 2,568 2,552 2,557 2,568 2,560 -8 10,154 33,524 Jul-22 2,578 2,581 2,565 2,568 2,582 2,574 -8 28,929 16,489 Soymeal Turnover: 1,250,419 lots, or 43.58 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-21 3,641 3,658 3,622 3,631 3,642 3,637 -5 35,941 65,880 Nov-21 3,606 3,625 3,592 3,610 3,605 3,609 4 43,804 92,659 Dec-21 3,550 3,567 3,535 3,551 3,550 3,550 0 16,296 80,851 Jan-22 3,511 3,529 3,490 3,511 3,506 3,509 3 943,286 1,231,631 Mar-22 3,370 3,386 3,352 3,372 3,368 3,368 0 67,263 358,196 May-22 3,290 3,307 3,277 3,297 3,286 3,294 8 112,694 295,632 Jul-22 3,284 3,306 3,274 3,291 3,284 3,290 6 24,235 68,623 Aug-22 3,351 3,373 3,327 3,363 3,359 3,350 -9 6,900 25,321 Palm Oil Turnover: 1,018,477 lots, or 8.54 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-21 8,978 9,104 8,908 8,932 8,880 9,020 140 32,768 19,927 Oct-21 8,862 9,086 8,862 8,944 8,828 9,002 174 29,849 85,844 Nov-21 8,624 8,882 8,624 8,752 8,580 8,796 216 26,321 82,147 Dec-21 8,426 8,662 8,426 8,510 8,402 8,562 160 18,943 79,011 Jan-22 8,292 8,446 8,216 8,258 8,230 8,340 110 880,942 374,087 Feb-22 8,140 8,278 8,042 8,076 8,104 8,176 72 12,621 11,078 Mar-22 8,012 8,134 7,926 7,956 7,972 8,040 68 7,465 8,392 Apr-22 7,932 8,008 7,834 7,864 7,872 7,934 62 3,827 6,599 May-22 7,850 7,916 7,786 7,814 7,810 7,876 66 5,738 11,748 Jun-22 – – – 7,674 7,674 7,674 0 0 30 Jul-22 – – – 7,680 7,680 7,680 0 0 479 Aug-22 7,682 7,682 7,640 7,640 7,588 7,666 78 3 9 Soybean Oil Turnover: 853,178 lots, or 78.21 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-21 9,356 9,518 9,330 9,360 9,324 9,436 112 28,960 27,564 Nov-21 9,350 9,492 9,332 9,362 9,302 9,422 120 45,947 109,568 Dec-21 9,248 9,408 9,244 9,274 9,224 9,328 104 24,446 90,302 Jan-22 9,110 9,246 9,064 9,104 9,062 9,160 98 703,760 459,278 Mar-22 8,848 8,992 8,814 8,844 8,836 8,910 74 26,027 68,980 May-22 8,616 8,714 8,568 8,602 8,596 8,654 58 13,135 43,862 Jul-22 8,524 8,612 8,476 8,500 8,526 8,556 30 7,086 13,920 Aug-22 8,530 8,598 8,446 8,468 8,494 8,520 26 3,817 3,693 Notes: 1) Unit is Chinese yuan a metric ton; 2) Ch. is day’s settlement minus previous settlement; 3) Volume and open interest are in lots; 4) One lot is equivalent to 10 metric tons. -

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