Prospective Plantings

Volatility: {noun} a tendency to change quickly and unpredictably

The USDA holds their Ag Forum next Thursday/Friday and we’ll get to see their ideas for new crop supply and demand

CONAB Slashes Brazil Soybean Estimates

February WASDE Estimates

Brazil Soybean Estimates Continue to Fall

Corn, wheat, and soybeans will need to have trendline yields or better to get ending stocks back to adquate supply levels

The January WASDE was bearish SRW wheat due to an increase in acres and bullish soybeans as global stocks declined

Grains and oilseeds are bullish on S. American weather concerns while the Fed minutes were much more hawkish than expected

The CBOT wanted to go higher on adverse S. American weather but many markets were pressured lower due to omicron shutdown concerns

The USDA’s Dec WASDE was bearish wheat, neutral corn, and bullish for soybeans