Monday August 9, 2021

  • Trade overall expected to be fairly quiet this week as we approach the August USDA report on Thursday – the main point of interest on this report will be any adjustments made to U.S. corn or soybean yield expectations
  • Private estimates about the size of the Russian 2021 wheat crop continue to decline now with estimates between 74-76 MMT 
  • Rainfall was scattered over the U.S. this weekend and expected to continue to see widespread through this week