Thursday March 4, 2021

• Mixed markets overnight but soybeans attempting to pull markets higher this morning
• Concern over South American weather continues to dominate soybean market news
• USDA next week for monthly report 
  • Looking for decrease in 2020/21 carryout in both corn and soybeans compared to February’s report
  • Also looking for decrease in production for South America
• Weekly exports disappointed
  • Corn well below expectation, wheat low end of expectations and soybeans in mid range of expectations