Monday March 28, 2022

• Market down to start the week but still within recent trade ranges
• Markets focus this week will be on Thursdays USDA report 
  • We will get updated planted acres estimates as well as quarterly stocks numbers
• No changes overseas this weekend as the war continues on 
• Concerns starting to bubble into the marketplace over spreading COVID through China 
• Ukraine’s Ag Ministry reported an estimated 5.99 million hectares of expected spring planted crop – down 1.689 million hectares from last year due to Russian occupation 
  • First challenge will be planting the crops, then getting the needed inputs, then harvesting the crop and finally trying to export depending on the duration of the war