Friday April 17, 2020

  • Corn and beans feeling a little relief to close out the week with some buyers coming in after a week of lower prices 
  • Some bean sales to “unknown” helping spark the small gains keeping us just off the bottom 
  • Russia is exporting grain at a pace of 1 MMT per week – estimates that their wheat export quota of 7 MMT that was supposed to last until the end of the marketing year at June 30 will be running out closer to mid-May 
  • Argentine soybean harvest estimated about 38% complete corn at 33%, both slightly ahead of last seasons pace
  • OMAFRA reporting more than a million acres of winter wheat was planted in the fall that for the most part has come through the winter in good condition