Thursday April 8, 2021

• Again floating around unchanged with no major news hitting the market place pre-USDA report 
• Weekly export numbers came out this morning
  • Corn came in mid-range of expectations, wheat below range expected, soybeans below expected and actually saw cancelations 
• Wheat inching higher this morning over concern on dryness for spring wheat planting 
• Friday’s USDA Report estimates
  • Corn: 20/21 U.S. carryout expected lower than last month, Argentine and Brazilian production expected down slightly
  • Beans: 20/21 U.S. carryout expected to be flat with last month, Argentine production expected down slightly with Brazilian production to be up a hair 
  • Wheat: 20/21 U.S. carryout expected higher than last month