Monday April 26, 2021
- Markets starting the week off higher.. again
- Last week the CBOT increased price limits
- Corn can now move $0.40/bu (up or down) in a day before trade freezes
- Soybeans can now move $1.00/bu
- Wheat remained the same at $0.40/bu
- Last week the CBOT increased price limits
- Planting kicking off again in the U.S. with more favorable weather ahead
- Rumors about a possible increase on export tariffs for Argentine crops to attempt to slow domestic inflation adding support to North American markets this morning
- Fear of decreasing yields in Brazil’s second crop corn grow as Brazilian weather for the next two weeks looks to remain largely dry