@BVG_Trading

Diesel Import Update. 102% of last April volume 6% of last May volume (More vessels will be added throughout the month.

Extended weather forecast for Tuesday and Wednesday, 14-15 April 2026: Partly cloudy and cool to warm with isolated to scattered showers and thundershowers. #saws #SAWeather #weatheroutlook

From the Weekender: Since late Feb, funds have aggressively covered a near-record net short in #cotton — >77k contracts, or 8M bales (nearly 60% of the 2025 U.S. crop) — fueling an 11% rally in futures. This marks the most bullish fund positioning since April 2024 🔗in bio

South Africa is unlikely to meet its maize export target for the 2025-26 marketing year, which ends this month. The challenge is not that we don’t have maize; we do. The demand is fairly weak due to ample global maize supplies. South Africa’s maize exports to the Far East markets such as Vietnam, Taiwan, and South Korea, amongst others, have been rather weak this year. We have enjoyed better demand within the African continent. Between May 2025 and the first week of April 2026, South Africa exported 1.9 million tonnes of maize, out of the expected exports of 2.4 million tonnes. The current marketing year ends this month, and we are unlikely to see exports reaching 2.4 million tonnes. This comprises both white and yellow maize. The major buyer of South African maize this year has been Zimbabwe, accounting for 38% of the 1.9 million tonnes exported. This is about 706,528 tonnes of maize exports to Zimbabwe between May 2025 and the first week of April 2026. The slower exports imply that South Africa’s maize carryover stock into the 2026-27 marketing year may be larger than initially expected. This will add downward pressure on maize prices. The production for the year is robust, and the maize crop will add to the 2026-27 marketing year. So, until the talks of a potential El Niño are clear, we are likely to be in a period of ample maize supplies, which will add downward pressure on prices. What is likely to change this price’s direction is El Niño fears heading into the next production season.

Dec corn finally close to a bottom? 🌽 We’ve given back half of the entire rally since January This same level happens to be that old key resistance Right where this market failed to break through on several separate occasions One of the most simply things is often turning old resistance into new support Would make sense to find some life here If not then the 61.8% retracement at $4.65 is the next level *** Need some help deciding when it’s a good time to take risk off the table in your grain marketing? Try our updates and signals free 👉 dailymarketminute.com/freetrial

Extended weather forecast for Saturday and Sunday, 11-12 April 2026: Partly cloudy and cool to warm with isolated to scattered showers and thundershowers. #saws #SAWeather #weatheroutlook

Took a little extra digging to find where #USDA's 3.63 MMT month-on-month jump in world #corn production came from with only 1.03 MMT of this being origins shown on the main report. Biggest bearish standout was again #India, as with the #wheat side; biggest drop was Uruguay. #oatt #oott

🇺🇸Recent ample rains have loosened drought's grip on the core U.S. Corn Belt. Only 40% of the Midwest is abnormally dry, the lowest since late August 2025. But extended dryness in the Plains has accelerated drought across hard red winter wheat areas in recent months.

🇦🇷Argentina's Buenos Aires Grains Exchange keep its 2025/26 corn crop forecast at 57 million metric tons. That compares with USDA at 52 mmt and Rosario exchange at 67 mmt.

Soybeans due for a relief bounce? 🌱 We’ve chopped sideways for weeks now Still holding key support and this area of high volume $11.45 is still the clear level to defend to prevent a leg lower, as there is plenty of air lower Currently soybeans are battling the 20-day MA They’ve rejected it countless times on this chop If we get a crack above it could spark some further upside $11.90 to $12.00 is where a typical relief bounce could often take you *** Struggle knowing when it’s a good time to de-risk in your grain marketing? Try our updates for free 👉 dailymarketminute.com/freetrial

Winter wheat drought 🌾 🔥 Now sitting at 68% of areas in drought, up from 65% last week This is the 2nd most drought we’ve ever seen Just shy of 2022’s record

With U.S. corn planting underway, current March through May U.S. corn production-weighted cumulative precipitation for 2026 is tracking above climatology and above many historical years shown in the 1981 to 2025 background distribution. The chart also indicates that the 00z ECMWF forecast would keep cumulative precipitation rising over the next 14 days, maintaining a wetter-than-normal pattern relative to climatology. Follow our Twitter feed for additional updates on weather conditions affecting the 2026 U.S. growing season. #oatt #AgWx #AgWeather #USDA #Corn #Plant2026

Weekly EIA #Ethanol exports continue to be a major bright spot for the industry. Stocks had been nearing the all time high set in April of 2020, also challenged in April of 2025.

Affordability is worsening as #fertilizer #prices rise relative to #corn prices. On a “currency of corn” basis, growers now need a record 185 bushels of corn to buy one ton of urea. From @NationalCorn: tinyurl.com/3kbcsh4m

1/ Post forecasts #Brazil's #corn #planted area for MY 2026/27 at 23 million hectares, a slight increase over the estimated planted area for MY 2025/26, set at 22.8 million hectares. From the @USDAForeignAg: tinyurl.com/4bn7hbmj

#Brazil's #corn #prices have risen since February due to limited spot market supply. By mid-March, prices reached BRL 71.63 (USD $13.74), a 3% increase since the start of the year. From the @USDAForeignAg: tinyurl.com/4bn7hbmj

1/ #Brazil's #corn #exports in 2025 reached 41 MMT, up 3% from the previous year. Iran was the largest buyer, importing 9 MMT, a 109% increase over 2024. From the @USDAForeignAg: tinyurl.com/4bn7hbmj

2/2 Brazilian #corn #imports by month (2021 – 2026). From the @USDAForeignAg: tinyurl.com/4bn7hbmj

1/ Brazilian #corn #exports by month (2021 – 2026). From the @USDAForeignAg: tinyurl.com/4bn7hbmj

South Africa is a NET EXPORTER of oilseed meal, following significant investments to expand local crushing capacity. This crushing capacity expansion led to a MASSIVE increase in our soybean production, which ultimately delivered the pleasing results illustrated in the chart.