Grain Markets Commentary
What is currently priced in?
Corn and soybeans finished mixed as they sort out money flow and production cuts from South America from multiple entities. The newest release came from AgRural cut their Brazilian soybean production to 133.4 MMT from 144.7 which is the lowest level we have seen so far. Many believe the driest areas of S Brazil & Paraguay will not be able to recover giving analysts the confidence to cut production estimates. No major showers are forecasted until next week with times hovering around 100 degrees. Still looking for buyers on breaks this week. NFC Grain Comments 1.6.22 – Copy