Friday November 19, 2021

• Mixed markets this morning – beans and wheat attempting higher yet again with corn being the wet blanket on the day
• International Grains Council cut their world wheat production estimate for 2021/22 by 4 MMT to 777 MMT 
• International Grains Council increased their world corn production estimate for 2021/22 by 2 MMT to 1.212 billion MT – partially due to an increase in U.S. production estimate 
• South America’s soybean crop is off to a great start – production estimates are looking to be record highs – yet still the majority of the growing season to go 
  • December is typically the month that brings the most weather scares for the South American crop