Weather and Ukraine remain bearish factors in agricultural markets. UN Secretary-General Antonio Guterres visited Ukraine today and highlighted that 21 ships have departed Ukrainian ports less than a month after signing the access deal, and 15 vessels are in transit for Ukraine to load more grain and other food supplies. The rains moving across the U.S. are not uniformly beneficial, mostly aiding winter wheat areas pre-seeding and lower corn and soybean states. Nonetheless, it is helpful and rains in Europe will stop the drought from doing anymore damage.  The International Grains Council weighed in with a mixed set of changes:

Corn: Global production was lowered by 10 MMT (-0.8 percent), with ending stocks reduced 6 MMT (-2.2 p...