No post report fireworks which is just fine.
There was a very orderly trade post report yesterday and overnight so far. Corn carryout was a little higher than expected while the soybean was pretty inline with estimates. The world ending stocks for soybeans were supportive coming in 5 MMT lower than expected. Overall the numbers did not change the sentiment of market the market but did not give the bulls much to chew on either. Corn finished down 3 cents but soybeans added 14.5 cents. We could see some back and forth unless traders want to buy going into the long weekend as we wait for the SA rain event to start on Sunday. Export sales for corn were very light at 458k MT vs estimates of 810K while soybeans were in line at 918K MT. We have some pressure overnight with corn down 5 cents and soybeans off 16 cents. NFC Grain Comments 1.13.22 (1)