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