Tuesday October 26, 2021
- Overall markets feeling some selling pressure this morning after the last few days of gains in the market
- Flash soybean sales announced this morning to both China and Mexico
- Private analysts Safras & Mercado pegged the Brazilian soybean planting at 36% complete as of Friday Oct 22 – double last years pace and 9% ahead of average of 27% completed
- AgRural had this number pegged at 38% and the first crop corn planting pace at 64% complete
- U.S. crop progress report
- Corn now 66% harvested – 5 year average pace is 53%
- Soybeans now 73% harvested – 5 year average pace is 70%
- Winter wheat now 80% planted – right on track with average
- Initial conditions report came out this week at 46% good/excellent rating, below the average initial rating of 52% g/e