Wednesday February 3, 2021

  • Mixed markets this morning 
  • No flash sales again this morning and corn is unable to perpetuate gains any longer with the lack of fresh support
  • We continue to get assurance from South America that though the Brazilian soybean harvest will be later than usual – it will not affect the size of the crop and record numbers still projected 
  • Trending lower this week as we are now less than a week out from the February USDA 
    • Are we just creating room in the futures for markets to push higher post report without breaking out of current trading ranges