Thursday February 17, 2022

• Markets started the day higher but have been unable to hold at these new highs as we get further into the day 
• Weekly export sales from the U.S. released this morning offering more support to the market
  • Old crop corn, wheat and soybean exports all fell within expected range
  • New crop sales however were higher than expected, particularly for soybeans
• Forecasts remain dry for Argentina further stressing their corn and soybean crops 
• Uncertainty continues in the Black Sea region as Russia continues to build troops along the Ukrainian boarder