Tuesday November 15, 2022

• Mixed-negative tone on the markets again this morning with an overall lack of positive news on the horizon for the grain markets 
• Trade is expecting smooth sailing through the Black Sea negotiations – with Russia so far cooperating in extending the agreement 
• IHS Markit (Informa) released estimates for 2023 U.S. planting
  • Corn 91.97 million acres
  • Soybeans 88.5 million acres
  • Wheat 47.2 million acres 
• U.S. crop conditions and progress report
  • Corn harvest 93% completed – ahead of average pace of 85% completed 
  • Soybean harvest 96% completed – ahead of average of 91% completed
  • Winter wheat conditions ratings continue to claw higher after a very low start – now rated 32% good/excellent compared to average 50% g/e