Friday May 6, 2022

• Markets down going into the weekend with what is expected to be the first real planting push as the fields dry out and warm up 
  • Still overall expecting little progress in Mondays planting progress report but expected to see a good jump in two weeks time
• Stats Canada released grain stocks as of March 31 – below is how the stocks compared to the same report last year 
  • All wheat down 38.7%
  • Corn up 13.9% 
  • Soybeans up 0.1%
  • Canola down 49.3%
• Monthly USDA will be released next week where we will get a first glimpse of the new crop balance sheet – estimates should be released early next week 
  • Generally the first outlook of the year is quite conservative