Monday December 6, 2021

• Market starting the week on a more low key note after some impressive gains closing out last week
• USDA report Thursday will cause some fluctuation this week but overall not expected to be a market mover
• China’s National Bureau of Statistics reported 2021 corn production up 5% year on year to 272.3 MMT 
• StatsCan came out on Friday will all wheat production at 21.7 MMT – above estimates but still the worst crop since 2007-08
  • Overall Canadian Crop production was down from a record 90 MMT in 2020 to 64 MMT this year (also overall low since 2007-08)