Monday December 5, 2022

  • Markets trading either side of unchanged this morning with overall a lack of direction awaiting more fundamental news 
  • Corn hoping to find some buyers after closing lower last week, hoping to see some global buyers take advantage of the price drop 
  • Rosario Grains Exchange pegged Argentine wheat exports so far at 6.5 MMT, well behind last seasons pace at 14.5 MMT for the same time period, and the lowest export pace in the last eight years 
  • Argentine corn planting 25% completed, their soybean planting is currently 29% completed, both behind pace
  • Rains continue to fall across Brazil, their soybean crop is currently on track to meet the record production estimate of 155.1 MMT