Tuesday February 16, 2021

  • Green start to a short week this morning 
  • Arctic blast over the weekend worse than expected for the U.S. wheat crop 
  • Bloomberg survey released their estimates for what will come from the USDA Ag Forum later this week in regards to 2021 acreage 
    • Corn predicted st 92.9 million acres – up 2.1 from 2020
    • Soybeans predicted at 89.8 million acres – up 6.7 from 2020
    • All wheat predicted at 45.3 million acres – up 1 from 2020
  • South America taking a dryer turn this week with well below normal precipitation forecasted through the next 10 days in Argentina and Southern Brazil – the Northern regions of Brazil are still set to get decent rains