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