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Top 3 – Things to Watch this week:

Monday, April 17, 2023 at 5:37:54 p.m. UTC

Top 3 – Things to Watch this week:

1. Poland and Hungary have banned Ukrainian grain imports. Russia is still saber-rattling black sea transport. Seems to be lots of grain movement issues coming out of Ukraine. The grain is still there, but it’s not reaching its destination in a timely fashion.

2.  Coolness in the corn belt is slowing down seeding. Nothing to worry about yet. Pay attention because soon trendline yields will be affected if seeding is late.

3. Australia is optimistic that trade deal with China will be resolved by the end of the year.  This would be bearish to barley.

This week’s Action Item:

Nothing. Looks like November canola is finding support at the $700/mt range.


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