Tuesday April 12, 2022

  • Everyday it is not an early start to planting in the U.S. we are seeing support in the corn market – knowing there is no margin for error for the 2022 crop 
  • Next 10 days continues to look cool across the U.S. 
  • Argentine truck drivers began their strike yesterday – an almost yearly occurrence that corelates with harvest in that country 
    • No grain exports are expected to be impacted as the ports have enough stocks to cover their shipments for the foreseeable future 
  • The USDA has begun releasing weekly planting progress and conditions report 
    • Corn at 2% planted with no change from last week
    • Spring wheat 6% planted 
    • Winter wheat ratings increased 2% to 32% good/excellent – still 20% below the 5 year average ratings