Tuesday February 1, 2022

  • Overall positive feeling in the market this morning – export sales to China, lower South American production estimates and rising tensions with Russia
  • Flash soybean sales to China from the U.S. reported today
  • AgRural lowered their production estimates below 130 MMT with now 10% of their harvest completed – their lowest overall yield in 6 years 
  • Russian tensions rise as they continue to feud with U.S. in their negotiations at the U.N.