Thursday May 6, 2021

• Soybean and corn markets testing higher again this morning as wheat is seeing some resistance
• Weekly export sales came in fairly low for the week
  • Wheat saw some cancelations, corn came in below expectations, soybeans lower than last week but on higher end pf expectations
• Global canola prices have reached new all-time highs with support from high canola oil prices in Europe as well as drought concerns in Western Canada 
• Overall fundamentals continue
  • Dry Brazilian second crop corn
  • Strong demand for all commodities
  • Planting progress continuing through the U.S.