5/9/2022
Chance Scott, Grain Marketing Specialist
May 9th Agtegra Morning Market Insight

Corn as of 8:15, -8
Isolated showers and above to near normal temps Mon.-Tue. for pollinating corn/early grain fill in northern Brazil. USDA Crop Progress report; U.S. corn planting as of May 8 is est. at 22-23% compared to 64% in 2021 & the 5-year avg. of 50%.
Soybeans as of 8:15, -17
USDA Crop Progress report: U.S. soybean planting as of May 8 is est. at 15-17% compared to 39% in 2021 & the 5-year avg. of 24%.
 
Wheat as of 8:15, WW +14, SW +17
USDA Crop Progress report: U.S. spring wheat planting as of May 8 is estimated at 23-25% compared to 60% in 2021 & the 5-year average of 47%. The funds were even Friday; light news and world supply uncertainties continue to underpin prices.