Friday February 25, 2022

Grains turning back after panic buying fuels rallies yesterday
Despite Russian troops continuing their advance into Ukraine the market is telling us today that this should not be as detrimental to Ag markets as initially feared
Issues have begun arising with shipments from the Black Sea as Ukraine ports have been shut down
As all eyes were on the East, South American weather has seen a vast improvement over the last day with timely rains easing drought concerns
Buenos Aires Grains Exchange left their Argentine production estimates unchanged at 51 MMT for corn and 42 MMT for soybeans
Weekly U.S. export sales
- All three commodities had more sales than expected