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Tidbits, Summary of Soybean and Corn Outlook, ENSO, Export Inspections 11/26/24

Tidbits


The market will be closed on Thursday observing the Thanksgiving holiday.


The final crop progress report for the season: Winter wheat planting is at 97% complete - one of the most late-season endings. It is rated 55% good or excellent, 6% points improvement from a week ago and 10 better than five-year average level.


As of the third week of November, Ukraine's total grain harvest is 53.4 million mts, a 3.8% decline compared to the previous year, which includes 23.6 million mts corn (down 5% from last year), 22.4 million mts of wheat (down 0.4%), 5.6 million mts of barley (down 5%), and a significant drop in sunflower harvest to 10.1 million mts (over 15% decline), also 3.5 million mts of rapeseed (down 22%). Conversely, soybean production increased by 25% to 6 million mts. Harvesting of wheat, barley, and rapeseed is complete, with most other crops nearing completion.


Russian drone and missile attacks have damaged 321 Ukrainian port infrastructure facilities and 20 ships since July last year, President Zelenskiy said on Saturday. Moscow has repeatedly denied that it attacks civilian targets and claims that Ukraine is using merchant ships to transport weapons.

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