Monday September 19, 2022

  • Mixed markets this morning, beans and corn sitting either side of unchanged, with wheat on the other hand notably lower
  • Waiting to hear early unofficial yield indications from the U.S. after a good start to harvest at the end of last week 
  • Harvest will be on hold both locally and across the U.S. due to recent rains, expected to be rolling again by mid-week 
  • Russia continues to increase 2022 Wheat production estimates – now at 99 MMT with 47.5 MMT set for export 
  • Tensions rising again with China as over the weekend U.S. President Biden stated that he would send U.S. military forces to help defend Taiwan in the event of a Chinese invasion