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