Friday December 17, 2021
-Soybeans taking a breather this morning after an impressive day yesterday – 2021 Soybeans hit $16 overnight for the first time since September of this year
-Infroma – now IHS Markit – updated their projections for 2022 U.S. planted acres
Corn – increased to 91.6 million acres
Soybeans – increased to 88.8 million acres
Wheat – all planted acres decreased to 48.6 million acres
-Slightly dryer weather through parts of South America starting to raise feeling of concern
This is not a widespread concern as of yet but something the market will keep an eye on to see how it progresses