Wednesday May 19, 2021

• Market feels like it is resolving its self to the fact that we are almost certainly going to have more acres planted for corn and soybeans than USDA projected AND these acres are being planted in near prime conditions
  • There has been little to no concern over planting conditions in the U.S. so far and does not look to be any major concerns brewing
• U.S. crop scouts expecting strong yields from what they are seeing in Kansas so farm in day one of the Wheat Quality Council tour 
• Another huge Chinese purchase of American new crop corn is not enough to console the market this morning