Tuesday January 19, 2021

  • Beans releasing some gains this morning after the extended weekend 
  • Rains in Argentina are not too late to benefit the crop this week – sparking the down slide for beans with a wetter weather pattern now on the forecast for the near term 
  • Wheat continues to feel support from the Russian tax increase 
  • Ukraine now considering increasing export tariffs as well as domestic livestock producers struggle with rising feed costs 
  • Threats of a Brazilian trucker strike are not uncommon for harvest season and have surfaced again intended to start the first of February 
  • Joe Biden will officially become the President tomorrow after inauguration