Thursday June 3, 2021

  • Market were higher again on the overnights but unable to hold onto gains through day trade as we currently sit just on the red side of unchanged
  • Markets teeter tottering between the reality that U.S. crops are starting out in near ideal shape but forecast through June is looking questionable with extreme heat threatening stress on the crop
  • Brazilian soybean exports for the month of May were 16.4 MMT – a record for the month and only slightly less than the all times record that was made in April
  • Russian deputy Prime Minister announced that their grain export taxes would remain so long as the high demand for global food persists