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
  • 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