Monday March 15, 2021

  • Markets mixed to start the week 
  • Rains in Argentina continue to weigh on markets this week 
  • Chinese and American government officials meeting Thursday of this week to discuss the future of Chinese-American trade 
    • Looking to see if there are any ‘goodwill’ Ag purchases made in and around this meeting
  • China’s Dalian Exchange (China’s primary agricultural trading platform – like our CBOT) saw some broken supports last week 
    • Last week we saw the weakest closes from both corn and soybean meal in all of 2021 so far
  • Brazils safrinha corn facing its latest planting in a decade