Tuesday September 21, 2021

• Harvest pressure continuing to hold the markets in the red this morning 
• Looks like all harvest activity will be put on hold for about a week here in Ontario with rains on the forecast through Saturday 
• Early yield reports from the U.S. seem to be varied for soybeans – hopefully we will start to get a better indication later in the week
• First crop corn planting in Brazil is estimated at 22% complete – the first Brazilian crop is the smaller of the two and primarily used for local feed demand with the Safrinha crop being typically their export crop
• Crop Progress Report
  • Corn harvest 10% complete – close to the 9% 5 year average pace
  • Soybean harvest 6% complete – same as the average pace
  • Winter Wheat planting is now 21% complete – slightly ahead of average of 18%