Thursday September 23, 2021

  • Markets still fighting with the lack of fundamental news to give direction 
  • We are sitting on the edge of a teeter totter awaiting yield data from the U.S. – if the yields come in above expectations, markets will slip lower, if below higher 
  • U.S. weekly export numbers released this morning
    • Corn, on the low end of expected range but more than last week 
    • Soybeans, on the higher end of expectations but less than last week
    • Wheat, on the lower end of expectations and less than last week  
      • Export shipping is notably slower than last year due to the damage in the Gulf and until that is resolved it is expected to remain that way