Thursday February 11, 2021

• Markets coming back after a tough slide lower yesterday – not surprising to find buyers willing to come in after double digit losses
• Strong week in exports helping to buoy the markets this morning after an ugly day 
  • Corn exports very strong, over expectations, soybeans over expectations and wheat over expectations
• Rosario Grains Exchange raised their estimates for Argentine crop production
  • Soybeans from 47 to 49 MMT
  • Corn from 46 to 48.5 MMT
• Conab raised their estimates for Brazilian production
  • Soybeans from 133.7 to 133.8 MMT
  • Corn from 102.3 to 105.5 MMT