Tuesday April 27, 2021

• Markets slightly more subdued this morning seeing some red in the board as the market catches its breath
• Continued drought stress in a portion of Brazils safrinha corn crop keeping market afloat over concerns of how this will impact production in an already tight year
• European Union expecting an increase in yield by 3% year over year with estimates of 87.1 bu/ac 
• U.S. Weekly Crop Report
  • Corn planting 17% complete – average pace of 20% complete
  • Soybean planting 8% complete – average pace of 5% complete
• CORRECTION to change in price limits – the changes I stated yesterday will be in affect Monday May 3