exporters reported the following sales activity:
metric tons of hard red spring wheat for delivery to Iraq during the 2022/2023 marketing year
metric tons of corn for delivery to Mexico. Of the total, 1,242,060 metric tons is for delivery during the 2022/2023 marketing year and 624,840 metric tons is for delivery during the 2023/2024 marketing year.
agriculture markets were lower as traders shifted their focus back on hopes the Ukraine grain trade corridor agreement will be extended. Many downplaying the political ramifications from the missiles hitting Poland. Poland’s President Andrzej Duda said the
missile that hit Poland killing two people was probably a Ukrainian air defense missile. Russia comments at the G20 summit in Bali were favorable for regarding extension of the Black Sea grain deal. South America is expected to see additional rain through
the end of the week.
weather forecast is unchanged. The Great Plains will see mostly dry weather through Sunday. Temperatures will be on the cooler side and will put some of the winter wheat into dormancy. The Midwest will see light precipitation today across the northeastern
states through Saturday. Argentina is wetter for this weekend. Some rain will fall across La Pampa and southwest BA Thursday through Friday and Cordoba Saturday. Brazil’s Mato Grosso, Goias, Minas Gerais and Bahia will see rain through Sunday.