Friday March 4, 2022

  • Markets continue to forge highs however slightly less aggressively this morning 
  • Global wheat buyers continue to panic as they re-evaluate their positions with the Black Sea option off the table
  • The market will be nervous going into the weekend as it offers two whole days where the war will forge on without the ability of the market to react in real time
  • USDA will release its monthly report next week – the report may already be old news on the Global S&D side of things as it will not have factored in the current situation in the Black Sea region