May corn lost over 42 cents at its lowest this week before ending down 27’2 at 636’0. Corn broke over 60 cents from its high last Tuesday to its Thursday low. May soybeans closed the week down 39’2 at 1444’2 and, similar to corn, featured a 111-cent decline from last Tuesday to this Thursday. May spring wheat lost an incredible 59 cents to close at 788’0, a fresh calendar year low and the worst price for nearby wheat futures since June 2021. Well, another brutal week for grains as they collectively managed their worst aggregate loss since June of […]
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