Monday September 12, 2022

  • Mixed this morning as markets await direction from USDA
  • USDA report out at noon today 
    • Overall expecting a bullish report for corn – looking for a production decrease due to falling yields 
    • Not expecting a huge move for soybeans, hoping to see about a half a bu/ac decrease in yield
  • Ukrainian Agrarian Council predicted their 2022 winter wheat planting would fall by 30% to 9.3 million acres due high costs of production
  • U.S. export sales reporting is expected to resume this week on Thursday – when we will get a 4 week dump of sales