Friday December 16, 2022

  • Markets trading either side of unchanged as we enter our last trading session of the week 
  • COVID continues to spread through China, weakening their economy contributing to some pressure on the bean market – however long term optimism remains for the county’s economy as herd immunity is reached 
  • Russia initiated another missile attack on Ukraine last night, creating power outages once again
  • November NOPA crush numbers came in slightly disappointing, failing to meet average estimate at 179.2 million bu 
  • Argentina looking mostly dry through the weekend with some more chances for precipitation into next week 
  • Brazil has continued to see scattered rains with that pattern expected to continue into next week