Tuesday April 20, 2021

• Strong open again for grain markets across the board
• Mexico purchasing some corn, strong demand from U.S. crush plants for soybeans 
• New crop prices continue to yell at farmers to get every acre of corn and soybeans they can planted
• Brazil has halted import tariffs on soybeans, corn, soy-meal and soy-oil until the end of the year
  • this is a tactic used to attempt to cool local prices 
  • Domestic corn prices in Brazil reached record highs yesterday as their safrinha crop continues to face drought stress
• U.S. planting progress saw corn now 8% complete, even pace with the 5 year average despite the cold snap, soybeans 3% planted 
• Winter Wheat conditions ratings steady at 53% good/excellent holding par with average