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