Monday January 1, 2021

  • Markets opening lower this morning as we head into the January USDA report tomorrow
  • USDA will be out tomorrow at noon with final production numbers for 2020 crop season
    • Expecting to see tight carryout numbers 
  • Argentine government lifted restriction on corn exports that had been put on December 30
  • Mexico – who was the number one importer of U.S. corn in 201 is meeting to discuss the details regarding the GMO corn ban and if it will be applicable to feed corn or not as almost all U.S. corn production is GMO