CORN/SORGHUM
· U.S. corn harvested in today’s USDA Crop Progress report is estimated to be near 92%, which is up 10 points from last week. This is also sharply above the 62% pace of last year and would be the fastest since 2015 (92%)
· Export Inspections released at 10 am CST; Corn, 47.8 mbu needed; 28.4 last week. Milo—5.5 needed; 3.7 last week
· T-storm Weather®: Dry and very mild weather persists today across the U.S. Corn Belt. A strong cold front
at midweek then causes temps to plummet, with heaviest rain across Iowa, WI, southeast MN & northern MO
· Ukraine corn production estimates vary widely between 26.0 and 33.0 MMT, down from 35.9 MMT in 2019
SOYBEANS/WHEAT
· U.S. soybeans harvested est. at 93% vs. 87% last week, 82% last year & 5-year avg. of 90%: fastest since 2016 (94%)
· Export Inspections released at 10 am CST; Soybeans, 37.0 mbu needed; 76.5 last week
· T-storm Weather®: In central & northern Brazil, the most likely scenario is for 2.00”-4.00” of rainfall to occur across primary soybean areas over the next two weeks (mainly in 7-10 days), compared to normal rainfall is ~3.00” to ~5.00”
· Export Inspections released at 10 am CST; Wheat, 18.6 mbu needed; 10.5 last week
· T-storm Weather®: Rain forms Tue. with a cold front in US central/southern Plains, but mainly just east of HRW wheat
ENERGY
· Lower: CLZ20, +$1.29 @ $38.43; EBF, +$1.32 @ $40.75; EBF-CLF, -0.07; RBZ, +.0312; NGZ, -.034; HOZ, +.0351
· Chicago ethanol was $.01875 weaker Friday at 1.53125/gallon. Basis, mostly weaker: NYC, -$.0075 @ -$.0025; Gulf, +$.00875 @ +$.05375; Dallas, -$.00125 @ +$.03375; Tampa, -$.0125 @ +$.12875; LA, -$.01225 @ +$.04375
· Ethanol RIN values, higher: 2019’s, +2.50 @ 63 -67 ½; 2020’s: +2.50 @ 64-68; 2021, +4.00 @ 67 ½ - 69 ½          
· The Dec RBOB/Dec ethanol spread is trading $.0302 higher at -$.2754 per gallon as the week gets underway
LIVESTOCK/POULTRY  
<wbr>< >Choice boxed beef firmed $1.77 on Friday, and is up $6.22 compared to last weekFriday’s week-to-week gain in choice boxed beef was the largest since Aug. 26The mandatory pork carcass cutout value fell $2.18 on Fri. to $82.95, and is down $0.09 versus a week agoLean Hog Index eased $0.40 on Fri. to $71.12. December futures plummeted $2.525 and are $6.220 below the index