Market Thoughts 5.21.23

Soybeans hit a Sell Signal at highest prices in nine months this week before closing lower on Friday.  Spring Wheat broke out to new highs

Grains consolidated all week before Israel’s attach on Iran and the Administration announcing biofuel RVO targets caused oilseeds to surge on Friday. https://www.loom.com/share/e21d8c4a1021437eacbc6cfc31bb8379