Wednesday March 17, 2021

  • Markets continue to struggle against the wave of South American supplies entering the market place as well as overall favourable rains reaching Argentina and the U.S. wheat belt 
  • Back to back days of significant corn sales to China are just enough to hold corn prices steady but have not been able to shake the overall wet blanket on the market to attempt to push higher 
  • Brazilian soybean exports are expected to reach a record 84 MMT – previous record set in 2018 at 83.2 MMT