Thursday October 20, 2022

  • Markets rebounding slightly on the overnights after a red week so far 
  • Weekly export sales were strong – as expected – for soybeans, however falling into the lower end of the expected range for corn and wheat this morning 
  • The Brazilian soybean planting campaign has been off to a near ideal start with good progress into good soil moisture – however extended models are starting to show a dry spell in the soybean belt expected in November 
  • Low water levels in the Mississippi river continues to create problems for grain movement with no indication of improvement on the radar