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