Market Thoughts 7.02.23

Link to this week’s Video Commentary:  https://www.loom.com/share/4d7d80eda7294efbbe76e300eeaa938d   July corn lost 76’2 this week to close at 554’4, managing to stumble into nearby corn’s worst weekly performance in several years and find itself within 7’4 cents of its 2023 low. July soybeans on the other hand rallied 62’6 cents to close at 1557’2, a new contract high. July spring wheat lost 62’6 to close at 802’0. This is still well above the daily low of 769 from May 1st but also the lowest weekly close of the year.   Well, definitely some memorable times here. We noted last week that […]