Friday September 24, 2021

• Markets are looking at another unexciting trading day as the question of U.S. yield continues to go unanswered  
• New Orleans export grain facilities are reopening after the hurricane damage earlier this month 
  • Five facilities are now open and loading 
  • There are 68 grain vessels currently in NOLA and FOB vessel export grain values for October remain uncertain.
• A little nerves over what a potential U.S. government would mean to the Ag industry this fall 
  • We would not get weekly export sales, or crop progress reports, and potentially even missing the October USDA report
  • It would be an interesting hurdle through harvest and would lead to even more uncertainty in the markets
• 10-20 Soybean crush plants have been shut down in China in attempts to lower electrical usage to meet government emissions standards
• International Grains Council increased their estimate for global corn production for 2021/22 by 7 MMT to 1.209 Billion MT due to increases in both U.S. and Ukrainian production
• International Grains Council decreased their estimate for global wheat production for 2021/22 by 1 MMT to 781 MMT 
• Buenos Aires Grains Exchange pegged Argentina’s corn planting at 8.5% complete rating 79.5% good/excellent so far