Wednesday September 7, 2022

• Markets up across the board with wheat leading the charge this morning 
• Russian President Putin is calling for the Ukraine Export Deal to be re-opened stating that they are not following the agreed upon terms and have been sending the majority of exports to the E.U. rather than African countries struggling with food security
  • This has sparked a 6 week high in the wheat market 
• IHS Markit (Informa) updated their 2022 U.S. yield estimates 
  • Corn 171.6 bu/ac
  • Soybeans 51.3 bu/ac  
• Weekly USDA crop conditions report
  • Corn remained at 54% g/e
  • Soybeans remained at 57% g/e 
• Farms.com has released their results from the 7th Annual Great Ontario Yield Tour 
  • All Ontario yield estimates 186.6 bu/ac for corn and 50.3 bu/ac soybeans
  • Bruce County: 193 bu/ac corn, 53 bu/ac soybeans
  • Huron County: 202 bu/ac corn, 60 bu/ac soybeans