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DJ CBOT Delivery Intentions: Totals – Sep 14 Source: CME Group Contract Quantity Next Trade Commodity Month Delivery Day Assigned Today Date Available ROUGH RICE September Sep 15, 2021 25 Sep 13, 2021 KC HRW WHEAT September Sep 15, 2021 3 Sep 13, 2021 OATS September Sep 15, 2021 2 Aug 27, 2021 WHEAT September Sep 15, 2021 6 Sep 10, 2021 DJ USDA Grain Inspections for Export in Metric Tons – Sep 13 COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION. INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED AND WEIGHED THROUGH THE AUTHORITY UNDER THE U.S. GRAIN STANDARDS ACT. NO ADDITIONAL ANALYSIS, COMPILATIONS OR DATA IS AVAILABLE GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT REPORTED IN WEEK ENDING SEP 09, 2021 — METRIC TONS — ————————————————————————- CURRENT PREVIOUS ———– WEEK ENDING ———- MARKET YEAR MARKET YEAR GRAIN 09/09/2021 09/02/2021 09/10/2020 TO DATE TO DATE BARLEY 0 0 0 6,550 5,727 CORN 138,189 278,294 939,113 177,642 1,211,033 FLAXSEED 0 0 0 24 389 MIXED 0 0 0 0 0 OATS 100 0 0 200 948 RYE 0 0 0 0 0 SORGHUM 4,526 3,831 72,465 5,843 105,561 SOYBEANS 105,368 90,603 1,634,646 135,722 2,316,873 SUNFLOWER 0 0 0 0 0 WHEAT 547,943 412,649 694,154 7,066,057 8,161,621 Total 796,126 785,377 3,340,378 7,392,038 11,802,152 ————————————————————————- CROP MARKETING YEARS BEGIN JUNE 1 FOR WHEAT, RYE, OATS, BARLEY AND FLAXSEED; SEPTEMBER 1 FOR CORN, SORGHUM, SOYBEANS AND SUNFLOWER SEEDS. INCLUDES WATERWAY SHIPMENTS TO CANADA DJ Brazil Winter Corn Harvest Concluding, Summer Planting Advancing — Market Talk 1105 ET – Brazilian farmers are finishing up their harvest of winter corn from the 2020-2021 season while planting of the 2021-2022 summer crop is advancing, according to agricultural consultancy Safras & Mercado. Harvesting work in Brazil’s center-south states, which together produce close to 90% of the country’s total corn crop, was 97.9% complete as of Sept. 10, Safras said. Planting of summer corn increased to 16.7% of the estimated area planted with the crop in the entire country, behind the 18.1% finished on the same date a year earlier, but ahead of the 12% five-year average for the date, the consultancy said. The USDA forecast a 2021-2022 total corn crop of 118M metric tons for Brazil, after droughts and frosts in some areas cut production to 86M tons in the 2020-2021 season. ([email protected]) Crop Progress Date 12-Sep 5-Sep 2020 Avg Cotton Setting Bolls 96 94 99 99 Cotton Bolls Opening 36 29 46 43 Cotton Harvested 5 6 8 Corn Dough 95 91 97 94 Corn Dented 87 74 88 81 Corn Mature 37 21 35 31 Corn Harvested 4 5 5 Soybeans Dropping Leaves 38 12 35 29 Sorghum Coloring 83 73 83 80 Sorghum Mature 39 32 38 38 Sorghum Harvested 21 19 23 25 Peanuts Harvested 2 4 3 Rice Harvested 40 28 33 43 Oats Harvested 97 92 95 94 Spring Wheat Harvested 95 88 80 83 Barley Harvested 97 92 94 93 Winter Wheat Planted 12 5 9 8 Crop Condition Very Poor Poor Fair Good Excellent Cotton This Week 1 5 30 50 14 Cotton Last Week 1 6 32 50 11 Cotton Last Year 7 20 28 36 9 Corn This Week 5 10 27 44 14 Corn Last Week 4 10 27 45 14 Corn Last Year 5 10 25 46 14 Soybeans This Week 4 10 29 45 12 Soybeans Last Week 4 10 29 46 11 Soybeans Last Year 3 8 26 50 13 Rice This Week 1 3 22 59 15 Rice Last Week 1 3 21 60 15 Rice Last Year 1 4 23 56 16 Sorghum This Week 4 10 29 47 10 Sorghum Last Week 3 10 30 47 10 Sorghum Last Year 6 11 31 40 12 Peanuts This Week 1 2 20 65 12 Peanuts Last Week 0 2 24 64 12 Peanuts Last Year 2 6 21 57 14 Pasture and Range This Week 20 22 33 21 4 Pasture and Range Last Week 20 21 30 24 5 Pasture and Range Last Year 17 25 34 22 2 DJ Statistics Canada Crop Production Report -Sep 14 WINNIPEG – Canada 2021/22 grain/oilseed production estimates. The results were compiled using model-based data. August and year-ago estimates for comparison. Source: Statistics Canada. Production in thousand metric tons, yield in kg/hectare, area harvested in thousand hectares. Harvested Avg Production area yield 2021-22 2021-22 2020-21 SEP AUG FINAL barley 3,029.0 2,358 7,141.3 7,835.9 10,740.6 edible beans N/A N/A N/A N/A 490.0 canaryseed N/A N/A N/A N/A 178.2 canola 9,002.4 1,420 12,781.9 14,748.6 19,484.7 chickpeas 72.2 885 63.9 63.0 214.4 corn 1,383.7 10,384 14,368.1 13,676.5 13,563.4 faba beans 34.1 1,205 41.1 45.0 124.5 flaxseed 399.9 947 378.8 415.5 578.0 lentils 1,714.4 1,051 1,802.3 1,979.0 2,867.8 mixed grains 41.3 2,840 117.3 125.4 233.0 mustard 119.0 596 70.9 78.9 98.8 oats 1,128.0 2,286 2,578.7 3,070.1 4,575.8 dry peas 1,507.5 1,676 2,526.6 2,626.7 4,594.3 fall rye* N/A N/A N/A N/A 487.8 soybeans 2,138.7 2,752 5,886.3 5,823.4 6,358.5 sugar beets N/A N/A N/A N/A 1,066.5 sunflower seed N/A N/A N/A N/A 101.3 triticale N/A N/A N/A N/A 43.0 all wheat 9,169.4 2,368 21,714.8 22,947.9 35,183.0 durum wheat 2,185.6 1,622 3,545.1 3,998.2 6,571.1 spring wheat 6,447.2 2,376 15,321.0 16,102.3 25,841.5 winter wheat* 536.6 5,309 2,848.7 2,847.2 2,770.4 *Fall rye and winter wheat numbers represent what was remaining after winterkill. Source: Commodity News Service Canada ([email protected], or 204-414- 9084) WHEAT General Comments: Wheat was lower in Chicago and Minneapolis on follow through fund selling but closed higher in Kansas City in response to the USDA production estimates. Trends are now down on the daily and weekly charts and the weekly charts imply that big tops are now in the market. The demand has not been seen here, so ideas of increased ending stocks are around. 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 weather has become old news. 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. 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 above normal. Northern areas should see isolated showers. Temperatures will be near to above normal. The Canadian Prairies should see isolated showers or dry conditions. Temperatures should average near normal. Chart Analysis: Trends in Chicago are down with objectives of 652 December. Support is at 677, 657, and 652 December, with resistance at 697, 706, and 714 December. Trends in Kansas City are down with objectives of 670, 659, and 638 December. Support is at 670, 659, and 643 December, with resistance at 697, 715, and 720 December. Trends in Minneapolis are down with objectives of 840 December. Support is at 862, 840, and 830 December, and resistance is at 890, 903, and 915 December. RICE: General Comments: Rice closed a little higher yesterday as another tropical system threatened crops in Texas and Louisiana. The system was moving into Texas from Mexico yesterday afternoon. Harvesting continues in Louisiana and Texas and will start to wind down in both states over the next couple of weeks. A delayed harvest is expected in Mississippi and Arkansas but a few producers are starting to harvest now. Yield reports and quality reports have been acceptable to many in Texas and are called good in Louisiana. 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. Overnight News: The Delta should get isolated showers. Temperatures should be near to below normal. Chart Analysis: Trends are mixed to up with objectives of 1381 November. Support is at 1343, 1335, and 1326 November, with resistance at 1368, 1380, and 1390 November. CORN AND OATS: General Comments: Corn was lower in consolidation trading after futures rallied on bearish news last Friday. USDA showed increased harvested area, yield, and production and ending stocks on Friday but most estimates were close to and just above trade ideas. The harvested acreage estimate was below trade ideas. Trends are now mixed on the daily charts but are still down on the weekly charts. Demand was increased to partially offset the increased production and ending stocks were just under 1.5 billion bushels. Most of the elevators along the Mississippi are starting to export again which is good news for nearby demand. The weather remains a feature of the trade but is less important now as the Corn is filling kernels and starting to mature. 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 yesterday as the weather remains bad for production even with the crop near or in harvest. Overnight News: Chart Analysis: Trends in Corn are mixed. Support is at 504, 498, and 494 December, and resistance is at 524, 530, and 543 December. Trends in Oats are mixed. Support is at 498, 486, and 484 December, and resistance is at 516, 518, and 520 December. SOYBEANS General Comments: Soybeans closed a little lower in Soybeans and a little higher in Soybean Meal. Soybean Oil closed mixed. Traders were anticipating good crop progress and condition estimates from USDA yesterday. The destruction of Gulf port facilities along the Mississippi River near New Orleans was still a factor in the trade but the elevators are coming on line and exports have started to resume. The hurricane moved onshore in Louisiana a week ago and did extensive damage to the state, including the grain export elevators. The state also lost electrical posser in all affected areas but power to the export elevators has started to be restored. Another system is in Texas now and is threatening to move into Louisiana with a lot of rain but not so much wind. Overnight News: Chart Analysis: Trends in Soybeans are mixed. Support is at 1270, 1263, and 1241 November, and resistance is at 1300, 1306, and 1309 November. Trends in Soybean Meal are mixed. Support is at 336.00, 333.00, and 331.00 October, and resistance is at 342.00, 344.00, and 349.00 October. Trends in Soybean Oil down with objectives of 5480 and 5210 October. Support is at 5520, 5480, and 5420 October, with resistance at 5660, 5730, and 5850 October CANOLA AND PALM OIL General Comments: Palm Oil closed a little higher last week but well off of the highs of the week on demand concerns. Ideas of strong export demand, especially from India, kept futures higher today. Exports were not strong last month and the trade saw big ending stocks when MPOB released its monthly data last week. Ideas are that Palm Oil got too expensive when compared to the other vegetable oils markets. There are ideas of tight supplies due to labor problems. 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 as the harvest is getting ready to start. Damaging weather continues in the Canadian Prairies and northern Great Plains and hot and dry 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. The Prairies crops are in big trouble now due to previous hot and dry weather. StatsCan released its stocks estimates and Canola stocks were above trade expectations. Overnight News: Chart Analysis: Trends in Canola are mixed to down with objectives of 816.00 and 804.00 November. Support is at 849.00, 830.00, and 823.00 November, with resistance at 884.00, 902.00, and 905.00 November. Trends in Palm Oil are mixed. Support is at 4150, 4050, and 3930 November, with resistance at 4370, 4480, and 4510 November. Midwest Weather Forecast: Isolated to scattered showers north. Temperatures should average above 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 – Sep 13 WINNIPEG — The following are the closing cash canola prices from ICE Futures. Source: ICE Futures Price Basis Contract Change CANOLA *Par Region 868.70 15.00 Nov 2021 up 1.00 Basis: Thunder Bay 911.70 50.00 Nov 2021 up 8.00 Basis: Vancouver 946.70 85.00 Nov 2021 up 8.00 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 – Sept 14 The following are prices for Malaysian palm oil in the cash market at 1000 GMT Tuesday, 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 1177.50 -07.50 Unquoted – – Oct 1165.00 — Unquoted – – Nov/Dec 1127.50 — Unquoted – – Jan/Feb/Mar 1042.50 00.00 Unquoted – – Apr/May/Jun 977.50 00.00 Unquoted – – RBD palm olein, FOB, Malaysian ports Offer Change Bid Change Traded Sept 1180.00 -07.50 Unquoted – – Oct 1167.50 — Unquoted – – Nov/Dec 1130.00 — Unquoted – – Jan/Feb/Mar 1045.00 00.00 Unquoted – – Apr/May/Jun 980.00 00.00 Unquoted – – RBD palm stearin, FOB, Malaysian ports Offer Change Bid Change Traded Sept 1127.50 +02.50 Unquoted – – Palm Fatty Acid Distillate, FOB Malaysian ports Offer Change Bid Change Traded Sept 1020.00 -05.00 Unquoted – – Crude palm oil, Delivered Basis, South Malaysia Offer Change Bid Change Traded Sept 4,630.00 00.00 Unquoted – – Palm kernel oil, Delivered Basis, South Malaysia Offer Change Bid Change Traded Sept 317.00 00.00 Unquoted – – ($1=MYR4.16) DJ China Dalian Grain Futures Closing Prices, Volume – Sep 14 Soybean No. 1 Turnover: 208,979 lots, or 12.32 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-21 5,850 5,850 5,850 5,850 5,881 5,799 -82 2 0 Nov-21 5,914 5,924 5,851 5,873 5,917 5,888 -29 144,217 144,734 Jan-22 5,935 5,940 5,873 5,897 5,920 5,908 -12 42,289 57,920 Mar-22 5,910 5,935 5,871 5,890 5,914 5,903 -11 7,676 21,097 May-22 5,942 5,946 5,877 5,895 5,931 5,914 -17 1,117 2,844 Jul-22 5,899 5,920 5,854 5,877 5,904 5,890 -14 13,678 4,835 Corn Turnover: 732,828 lots, or 18.06 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-21 2,510 2,540 2,510 2,510 2,555 2,548 -7 22 0 Nov-21 2,490 2,490 2,463 2,464 2,490 2,471 -19 76,599 191,373 Jan-22 2,475 2,477 2,455 2,457 2,471 2,460 -11 589,349 959,444 Mar-22 2,495 2,497 2,477 2,478 2,491 2,481 -10 36,742 170,028 May-22 2,525 2,525 2,507 2,509 2,520 2,511 -9 17,774 70,695 Jul-22 2,533 2,533 2,518 2,523 2,531 2,522 -9 12,342 30,478 Soymeal Turnover: 1,237,168 lots, or 43.35 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-21 3,848 3,852 3,848 3,848 3,830 3,714 -116 4 0 Nov-21 3,775 3,794 3,749 3,778 3,769 3,771 2 62,293 113,092 Dec-21 3,676 3,697 3,652 3,692 3,658 3,678 20 7,049 79,586 Jan-22 3,528 3,553 3,508 3,545 3,525 3,532 7 958,992 1,269,044 Mar-22 3,344 3,368 3,335 3,360 3,349 3,352 3 43,337 309,309 May-22 3,260 3,278 3,249 3,274 3,266 3,265 -1 134,887 358,785 Jul-22 3,243 3,255 3,226 3,255 3,241 3,241 0 9,178 70,033 Aug-22 3,295 3,310 3,280 3,303 3,297 3,294 -3 21,428 32,621 Palm Oil Turnover: 894,974 lots, or 73.68 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-21 9,000 9,000 9,000 9,000 9,298 8,938 -360 101 0 Oct-21 8,980 9,024 8,908 8,984 8,980 8,970 -10 3,295 4,864 Nov-21 8,996 9,004 8,866 8,976 8,948 8,940 -8 15,417 59,009 Dec-21 8,618 8,660 8,514 8,626 8,618 8,590 -28 20,037 63,102 Jan-22 8,280 8,310 8,158 8,278 8,254 8,240 -14 788,485 378,780 Feb-22 8,040 8,090 7,928 8,068 8,026 8,008 -18 23,072 54,719 Mar-22 7,882 7,928 7,780 7,900 7,878 7,858 -20 14,851 17,349 Apr-22 7,752 7,810 7,656 7,776 7,752 7,744 -8 10,583 19,359 May-22 7,634 7,708 7,568 7,672 7,634 7,632 -2 19,125 24,597 Jun-22 7,520 7,520 7,520 7,520 7,482 7,520 38 2 538 Jul-22 7,488 7,488 7,466 7,466 7,552 7,476 -76 3 480 Aug-22 7,410 7,444 7,410 7,444 7,372 7,420 48 3 1,239 Soybean Oil Turnover: 950,599 lots, or 85.05 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-21 – – – 9,418 9,580 9,418 -162 0 0 Nov-21 9,500 9,548 9,460 9,514 9,538 9,502 -36 34,068 84,312 Dec-21 9,298 9,304 9,198 9,254 9,298 9,254 -44 47,247 72,527 Jan-22 9,002 9,022 8,912 8,978 9,026 8,966 -60 777,092 476,348 Mar-22 8,672 8,676 8,552 8,618 8,642 8,612 -30 22,567 77,925 May-22 8,388 8,496 8,130 8,408 8,380 8,398 18 50,228 75,290 Jul-22 8,244 8,346 8,168 8,270 8,244 8,238 -6 11,597 29,555 Aug-22 8,176 8,214 8,088 8,168 8,170 8,148 -22 7,800 16,388 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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