Thursday April 2, 2020

  • Corn surprisingly leading the rebound so far this morning with bargain buyers coming into the market – beans and wheat continue to test lower after a tough day on the markets yesterday 
  • Corn and beans both seeing a strong week for U.S. exports – wheat however taking a huge fall from last week and unable to even fall within the lower end of expected range
    • Sales China and “Unknown” listed for both corn and beans but none this week for wheat 
  • Trump working with Russian and Saudi Arabia in attempts to strike an oil deal soon to help the depressed market  – meetings to be held Friday 
  • Argentine logistics tenuous with restrictions attempting to slow the spread of COVID limiting movement 
    • in the first week of March 28,000 grain trucks arrived at Rosario ports – last week that number was 13,000