Friday April 5, 2024

  • Wheat found strength over night as Russia launched drone attacks on energy infrastructure in Ukraine’s Odesa region. Ukraine shot down 9 Russian drones, the debris from the drones have damaged residences and farm buildings
    • The May wheat contract had hit its highest level in more than a month
  • There was a flash sale of 152,404 tonnes of soybeans to Mexico for 23/24 delivery
  • Corn export sales were within range of estimates
  • Soybean export sales are 5% behind the pace needed to meet expectations
  • Wheat export sales aren’t looking great but were within the range of expectations
  • Below is an image of GeoGlams weather map, this map shows growing conditions around the world. Areas are looking good with few areas falling in the “poor” category