Market Thoughts 3.19.23
· A little better week for corn as the May contract held above last week’s lows and gained 17’0 to close at 634’2. May soybeans lost 30’4 to close at 1476’4, the lowest weekly close since November 28th, as beans are now catching up to corn/wheat losses after performing much better the previous two weeks. May spring wheat also stayed above last week’s lows and gained 36’2 to close at 860’6. · This was a week stuffed full of fresh fundamental developments, leaving us plenty to unpack and contemplate. First, the bearish news: Bank failures/instability are casting a huge negative […]
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