Market Thoughts 3.12.23

May corn lost 22’4 cents, blowing through last week’s 622’2 low and trading all the way down to 606 before recovering slightly to close at 617’2. That is now the lowest close for May corn since the July 18th seasonal lows. May soybeans lost 11’6 to close at 1507, performing much better than corn and wheat and remaining well above last week’s 1477 low. May spring wheat lost an incredible 48’2 cents and closed at 824’4, making a new lifetime contract low in the process. · Another ugly week as spring wheat failed to hold key support, something we feared […]