May 19th, 2022

Good Morning,
Corn continues to fall, cash beans up 5 and new beans down 5. Wheat down big again here this morning, very volatile the last few days. Stocks yesterday plummeted with mounting fears of recession. Russia has been having conversations with the UN about letting cargos of grain out of Ukrainian ports. Yesterday there seemed to be very little optimism, but there are still conversations ongoing. North Dakota looking dryer on the weather models, looking like they should be able to build heavily on their 4% of corn planted. High chances of severe storms and heavy rain Friday and Saturday locally. Post-open market getting a bounce @9:15 cash corn up 5, new down 1. Cash beans up 26, new beans up 11.