Friday November 18, 2022

  • Markets quiet for the last trading session of the week, trading slightly higher this morning for all three commodities, bouncing off lows carved earlier in the week
  • Buenos Aries Grains Exchange updated their estimates for Argentine planting progress for 2022/23 crops
    • Soybean planting 12% completed
    • Corn planting 24% completed
      • Dry conditions prevailing through the near term 
  • International Grains Council lowered their estimates for 22/23 global wheat production to 791 MMT due to loses in Argentine production