Wednesday February 16, 2022

  • Markets recovering this morning after a red close yesterday
  • The NOPA crush report that came out mid-day yesterday did not offer the support we were looking for – failing to meet expectations coming in lower than the previous month and January of last year at 182.2 million bu 
  • Private analyst AgroConsult just completed their Brazilian crop tour and pegged the soybean yield at 41.6 bu/ac – a six year low 
  • The market feeling a little less confident in a peaceful resolution with Russia today as tensions continue to escalate