Wednesday March 23, 2022

• Another day of war, another day of uncertainty in the markets, corn and soybeans continue to float towards highs as wheat seems to have found an equilibrium for the moment 
• Private analyst UkrAgroConsult has updated their estimates for 2022 Ukrainian planting
  • Corn acres down 29% from last year
  • Sunflower acres down 48% from last year 
  • Barley down 29%, spring wheat, canola and soybeans down 10%
    • All fairly in line with Informas overall estimate of a 33% loss in planted acres 
• Informa updated their estimates for U.S. 2022 planting
  • Corn at 91.4 million acres – down from 93.4 million in 2021
  • Soybeans at 88.6 million acres – up from 87.2 million in 2021