Tuesday September 6, 2022

  • Mixed markets with soybeans and corn struggling to find a reason to move higher as U.S. harvest is just around the corner with a huge South American planting to follow 
  • Private estimates continue to roll in updating their yield estimates for the American crop 
    • So far we have seen Pro Farmer peg corn at 167.8 bu/ac, StoneX at 173.2 bu/ac and now DTN coming in at 167.2 bu/ac
      • Overall the trade is fairly confident we will be seeing a yield reduction in corn in Mondays USDA report from their current 175.4 bu/ac 
  • Soybeans feeling pressure as Argentine government works to stimulate farmer selling of soybeans to boost export sales potential