is backdrop, understand market Eric, a very and This this you good Sure. well.
the adjust, chains of because year supplier world attacks And very export long important market. about were ago us the I demand supply first to quarter think and which did, They is which So disrupted. bit it time, when ago, initially. changed Brazilian a the that And to sources it's exports the interesting potential, the Chinese little corn. whole strong had realized to U.S. first you a is impact grid think and approved a elevations was a for What's the restrictions Odessa up Ukraine million has and now I global knew had XXX and XXX supply phytosanitary XXX metric some it's the Originally, for of were lifted. in to year Brazilian that a thus, production. had to a world a big lot thought Brazil million the happened And crop. tons a people
So that's good.
The world needs a that good solid corn probably supply. But impacted were the term. U.S. by exports short
mentioned, an from has As that is early pulling who purchases buyer and U.S. the you canceled some China, of probably Brazil.
So a normal that's years. we've just shift over the seen
important. I grower more is side, pointed on for the to you out which think be supply tight is old crop very still. pretty much going crop. out sold old is the is And backdrop The
XX%. kind what's a keeping days as in Board or last levels the that's XX down you firm. of basis $X.XX over So did The lot work, mentioned, of
have and the that's have prices supplies, and corn flat dropped, end crop markets firm going that this between to year. and I So inverted we're tight think to
next still year, for sold the the is crop to a a quite hasn't outlook that lot Now different planted. farmer bit new get waiting it's crop,
here will the general, cold wet days, it's next in XX by planting of different. we an We've have Michigan, really in But XX West. woods very the crop. acres Dakotas good the a acres, but to in it's And late and weather and but the likely Indiana, million progress. And or the intentions been $XX that, about bean in we're be of see out USDA a it's progress the X-year of pretty on estimate have Ohio, start. outlook pretty neck we above cover we now year million, for and and million had planting in average, East, snow the $XX really good XX close and acreage XX a should million overall, this lot million, Minnesota, been planning regionally
really condition And well. shape, in little the be responding looks good Eastern the wheat which crop is good to surprise in wheat and is Canada is in and very U.S. wheat for So us, belt. good, is in
So we're [indiscernible] and really production. feeling wheat good about
higher slightly we're different. point And into interesting the bumping other floors. overall, that is is So that's I think market insurance backdrop one crop
insurance, as when as higher of insurance crop at some set the floor. because sell change will marketing they that well timing crop levels, plans you for So Eric, growers the know, against a was
the So a it, the market a with into production even base year. underneath has going strong good solid
volatile it's We're really to continue. have a good to markets going So setup.
opportunities we this I like and think we'll to that's have good have for us. volatility production. big
So which we think we the this of the moisture will across get good if here we we planted, have belt. have crop growing, good most and pre-planting month
there. and be So good, should both, volatility and like production crops U.S. be will We big volatility.
a that's So good the thing [indiscernible]. for
