Wednesday October 5, 2022

  • Turnaround Wednesday in the marketplace this morning with solid harvest progress pressuring the fall crops this morning 
  • StoneX released their updated yield estimates gearing up for the USDA report next week 
    • Corn yields 173.9 bu/ac – up from their previous estimate of 173.2 bu/ac
    • Soybean yields 51.3 bu/ac – down from 51.8 bu/ac last month 
  • Russia has again increased their production estimate for 2022/23 crop year due to “newly acquired territory” referring to the annexed Ukrainian land