Market Thoughts 6.05.23

July corn added 5 cents this week to close at 609’0, once again its highest weekly close since April 17th. Futures sold off hard to start the week, trading all the way down to 577’4 before rallying into Friday’s close. July beans had an even wilder week as that contract did gain 15’2 to close at 1352’4 but first fell all the way to 1270’2, a new low for the move by over 50 cents. July spring wheat actually lost 10’2 on the week to close at 807’6 after nearly making new contract lows at 775’4 earlier in the week. […]