Wednesday April 13, 2022

  • Markets starting the day lower after pushing higher the first two days of the week 
  • Forecast finally showing a chance for early planting way out in the 15 day range – still lots of time for that to change, but giving a glimmer of hope to the early planting bears 
  • USDA updated their estimate for Brazilian total corn production to 118 MMT from 116 MMT due to an increase in planted acres
  • China’s Ag Ministry saw a major improvement in winter wheat conditions this week – almost back in line with normal levels 
    • They are predicting a possible delay in corn planting due to the ongoing lockdown they are experiencing as part of Chinas zero COVID policy