Wednesday January 12, 2022

  • Lower heading into the USDA report that will be released at noon today 
    • One of – if not the, biggest data dump from the USDA of the year
      • “finalizing” 2021 fall yields, planted winter wheat acres, December 1 stock number, and updated South American production estimates mid growing season 
      • As well as the monthly supply/demand balance sheet update
  • Beyond report today overall market news is quiet – by the end of this week we will be back focused on day to day South American weather conditions and the on-going acreage battle between corn and soybeans leading into the 2022 growing season