Market Thoughts 4.09.23

May corn lost 17’0 cents this week to close at 643’4, undoing nearly all of last week’s 17’4 cent gain in the process. May beans hit 1527’6 on Sunday night, capping off a rally of over 120 cents in just seven trading sessions, before trading lower the rest of the week and closing down 13 at 1492’4. May spring wheat closed down 23’6 at 872’0 after hitting 913’0 on Sunday night. Vacation-shortened commentary this week but a couple things to weigh in on… We had made the case last week for grains to stay steady/higher over the next month, noting […]