Wednesday May 11, 2022

• Markets continuing to try to claw back some of Mondays losses as U.S. farmers are busy in the fields taking advantage of this planting opportunity 
• Tomorrows USDA report we are expecting to see lower carryout for old crop across the board in the U.S as well as a first look of the 2022/23 marketing year projections expecting to come in on the tight side of comfortable for corn  
  • Based on average estimate this could be the tightest corn carryout since 2011 
• India seeing record wheat export numbers as a result of the war in the Black Sea region selling 1.4 MMT in April