Market Thoughts 3.05.23

May corn lost 9’4 cents this week to close at 639’6, its lowest weekly close since August 15th. The prior week’s meltdown continued through Tuesday morning when corn lost 59 cents and fell to 622 in less than six days of trading. May beans closed near unchanged on the week, down just a half-cent at 1518’6, but that contract was down 42 cents on the week by Tuesday morning before erasing all of its losses into Friday’s close. May spring wheat lost 9’6 cents and closed at 872’6. Similar to corn and beans, wheat featured early-week losses followed by a […]