Thursday February 29, 2024

Brazilian soybean exports cut from 98.1 to 97.8mmt, down from 101.86mmt in 2023. Processing domestically is holding steady at 54.5mmt this month compared to 53.7 mmt this time last year.
Brazilian harvested soybean acreages are estimated at 42% completed. Reports indicated that early planted soybeans yielding poorer, but the later planted crop is is anticipated to produce near average yields.
The corn prices have closed in the green for 3 consecutive days.
2023-2024 Russian wheat shipments up 15% from last marketing year at 32.6 million tonne.