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