@kannbwx

USDA is expected to release U.S. export sales on Thursday Sept. 15. Here's how they said it would work: Weeks of Aug. 18 & 25 combined into 1 report, then Sept. 1 & 8 will be released separately. So three sets of data. Here's the trade estimates for the four weeks covered:

@kannbwx

Sep 13

#China keeps its 22/23 import forecast for #corn & #soybeans unchanged from last month 

Corn seen at 18 mmt vs 20 mmt in 21/22 and 29.6 mmt in 20/21

Soy stays at 95 mmt vs 91 mmt in 21/22 and 99.8 mmt in 20/21 (USDA 22/23: corn 18 mmt, soy 97 mmt)

@kannbwx

Sep 13

It's unclear whether Russian ammonia was exported out of Ukraine's ports prior to the invasion. Someone fill me in - I'm not an expert on this. If this is something new, seems like using Ukraine's ports to export Russian product would be controversial at minimum.

@kannbwx

Sep 13

The U.N. is trying to restart Russian ammonia exports through Ukraine's Black Sea ports, and the pipeline in question can pump up to 2.5 mmt of ammonia/year. Incentivizing Russia to stick to the grain export deal appears at least a partial motive here.

reuters.comUN-proposed ammonia deal for Ukraine would stabilise grain deal - diplomatAn ammonia gas deal which the United Nations is pushing Russia and Ukraine to agree could ultimately stabilise a landmark grain deal which is aimed at easing a global food crisis, a Western diplomat...