Monday May 2, 2022

• Corn and soybean markets under pressure this morning as the planting opportunity appears to be opening for Midwest over the first two weeks of May 
• Soybeans feeling additional pressure this morning as the Indonesian palm oil story continues to develop – the country facing storage capacity issues without exports
• Rains over the weekend are expected to have helped the overall dry winter wheat conditions
• We will get the weekly crop progress and conditions report from the U.S. this afternoon – still expecting overall slow planting progress for spring crops but at the point now with the winter wheat that it feels like it can only improve from here