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%