Thursday December 15, 2022

  • Mixed markets this morning with wheat and corn coming back in the green and beans slipping lower, all sitting just below recent highs 
  • Argentine wheat harvest now 62% completed with the crop production estimate lowered to 11.5 MMT – compared to initial estimate when the crop was planted of 19 MMT
  • Argentine soybean planting now 49% completed – compared to 65% this time last year, corn planting 47% completed compared last year at 66% completed
  • Weekly export sales for corn came in slightly higher than expected, yet still not strong enough to improve the overall slow pace, soybean saw a strong week of exports, and wheat also saw decent export sales on the week