Morning Comments January 21, 2021

Sillouette Sunset Location Rail

Solid recovery in overnight prices following the 2-day selloff. Weekly export sales delayed until tomorrow due to the holiday Monday. Weekly EIA ethanol stats will be out later this morning. Brazil seeing good rains lately has stabilized their estimated crop sizes, beans projected to be good at 133Mln tons. Argentina is much more variable. 

Opening Calls:

Corn: up 4-7c

Beans: up 10-15c