Friday January 8, 2021

  • Mixed open this morning
  • Markets awaiting a USDA that will hopefully confirm good reason for this rally – expected to see a further tightening of ending stocks for both corn and soybeans 
  • Flash sale to China of American soybeans reported this morning – first flash sale knowingly to China (not “unknown) since November 6 and the largest sale since October 15 
  • Canadian dollar facing 3 year highs fueled by strong oil prices as well as a global rebound as the COVID vaccination process has begun