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