Thursday January 6, 2021

  • Markets starting lower today after a quiet trading day yesterday 
  • After a mostly green last couple of weeks we are seeing some profit taking ahead of the January USDA report which will be released in less than a week 
  • Disappointing weekly export sales from the U.S. with all three commodities failing to meet even the bottom end of expectations  
  • The state of the Brazilian soybean crop remains as they face increasingly hot and dry conditions will be very closely monitored as private analysts continue to drop prospective production estimates