4/8/2021
Chance Scott, Grain Marketing Specialist
April 8th Agtegra Morning Market Insight

Friday’s WASDE will include foreign production in addition to the domestic S&D.
 
As of 8:00, Corn +6
In Brazil, isolated to scattered thunderstorms focus on corn in Mato Grosso today, but the rest of the corn belt stays dry the next 5-7 days. Argentina corn production estimate was left unchanged this week at 45.5 MMT.
As of 8:00, Beans -1
Soyoil backed off on Wednesday, taking soybeans with it, on reports truckers in Brazil furious over bio mandate. Argentina soybean production est. was unchanged this week at 46.0 MMT.
 
As of 8:00, WW +9, SW+11
Wheat markets leading corn higher as concerns over continued dry conditions in the Western Plains and Dakotas. Japan's Ag Ministry announced they bought 90,815 mt of wheat at today's tender (24,620 mt of Canadian red, 31,940 mt of US DNS, 17,615 mt of US HRW, and 16,640 mt of US white wheat) for loading in June.