Friday March 1, 2024

• US Export Sales
  • Corn fell near the top end of the the trade range at 42.6mbu, this progress is just meeting USDA’s yearly target. 
  • Soybeans coming in at 5.9mbu, sales contuine to lag as South America values are cheaper. 
  • Wheat met expectations with sales at 12mbu. 

• US Areas Experiencing Drought
  • Corn 30%
  • Soybeans 28%
  • Winter Wheat 14%
  • Spring Wheat 29
• Russia has indicated that they are not interested in renewing the Black Sea grain deal. They have no plans to revive the deal since they are able to export their own grain.