May corn lost 3 cents to close at 663’2 after a wild week of trading. Futures reached 682’4 on Tuesday morning before a sharp collapse, with deferred months down even harder, and the December contract making new lows for the year. May beans lost 17’0 to close at 1483’4, featuring similar price action as corn; trading to 1531’4 on Tuesday before collapsing almost 50 cents into the lowest weekly close since March 30th. May spring wheat lost 9’2 to close at 847’0, its lowest since settling at 824’4 on March 6th. Dizzying six sessions in the grain markets as […]
Market Thoughts 5.5.24
In this week’s market thoughts, we discuss the recent changes in the market that we have been anticipating for months. We provide an update on
May 6, 2024