Thursday November 18, 2021

  • Markets continuing to forge higher this morning
  • World wheat demand remains strong – Taiwan, Japan, Egypt, Turkey and Algeria all making notable wheat purchases in the last two days 
  • Chinese customs reporting cumulative Jan-Oct corn imports up 236% from last year at 26.23 MMT – Jan-Oct wheat purchases are also up from last year seeing a 21% increase year on year at 8.08 MMT 
  • Weekly U.S. export sales was as expected 
    • All wheat, beans and corn landing in mid to lower end of expectations