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US farm markets had a sharp drop in prices for all products yesterday, in a context of profit taking. Wheat, suffered significant losses in a market dominated mainly by position adjustments as the end of the year approached. Corn and soybeans prices fell, as some operators also consider that the risk premium on South American crops

Per latest data released yesterday by the FAO, wheat 2021 production trimmed further, mostly on lower estimates for Brazil and the UK, resulting in global production falling by nearly 1 percent from last year’s record.Utilization in 2021/22 lowered on weaker feed use expectations, especially in the EU, but still rising by 2.0 percent from the

Russian Agriculture Ministry has amended export duties for # wheat, barley and corn for the period Dec. 08-14, 2021.As for wheat the export duty continue to increase from 80.80 USD/t the prior week, to 84.9 USD/t for the referred period.The indicative price moved up from 315.5 USD/t to 321.3 USD/t.As for corn, the export duty remaine unchanged at 54.30 USD/t.The indicative

US farm markets, had a couple of rough sessions to start the week.  However, most contracts reversed higher in yesterday session, after first signals seen in Wedsneday’s session.  Thus, corn prices rose nearly 1%. Soybean prices were up 1.30%.  Wheat prices saw an even more upside after traders focus returned on tightening global supplies. In