Thursday January 5, 2022

• Markets were attempting a rebound on the overnights but were unable to stay in the green coming into the morning 
• Markets are now in the pre-Christmas trade range after letting go of all the gains made in the last week of December 
• Brazil getting some precipitation this week with Argentina looking to receive some much needed rains in the 6-10 day range 
• The big January USDA report will be released a week from today, it will include
  • U.S. ‘final’ yields for 2022 corn and beans
  • December 1 stocks numbers
  • Updated monthly supply and demand numbers – expecting to see further decline in corn export demand as shipments have been dismal through their prime sales window 
  • An update on South American production estimates 
• Industry estimates for the report will likely be coming out starting tomorrow and the beginning of next week 
• U.S. weekly export sales which are usually released Thursdays will be released tomorrow due to the holiday on Monday