Monday December 7, 2020

  • Red start to the week this week with soys leading the markets lower this morning
  • Brazil saw decent rains over the weekend – further distancing the soybean crop from the drought story that sustained our soybean rally during early planting
  • USDA report out Thursday of this week – we will see if they will further increase export expectations after a strong fall
  • Canada’s major grains and oilseeds have had very strong exports so far this season
    • As of Nov 29, 18.9 MMT of crop had been exported – up nearly 5 MMT from last year