Tuesday November 2, 2021

• Mixed markets this morning  
• Rallies in international grain markets are spilling over into the CBOT this week
  • Paris wheat futures have hit a historically high as well as a rally in the Chinese corn market both helping to lift American prices 
• StoneX released their updated yield predictions for the 2021 crop yesterday afternoon
  • Corn at 177.7 bu/ac – up from last months estimate of 176.6 bu/ac
  • Soybeans at 51.9 bu/ac – up from last months estimate of 51.3 bu/ac 
• AgRural reported Brazilian soybean planting for the 2021/22 year at 52% complete – the second fasted planting rate ever 
• AgRural pegged Brazilian first crop corn planting at 63% – 9% ahead of the pace from the same week last year
• U.S. Crop Progress Report
  • Corn harvest now pegged at 74% compete – ahead of the 66% average pace
  • Soybean harvest now at 79% complete – slightly behind average pace of 81%
  • Winter Wheat planting 87% complete – just off the average pace of 88%