Market Thoughts 7.16.23

Link to this week’s video commentary:  https://www.loom.com/share/bdbe3f2063b24365aeee835723515509   Dec corn gained 19’2 to close the week at 513’6 after another wild round of trading. Futures fell all the way to 481’0 following Wednesday’s bearish WASDE report before rallying almost 35 cents by the end of Friday. Nov beans gained 53’0 cents to close at 1370’6 though not before dipping back to 1315’6 after Wednesday’s report. The daily high of 1384’2 was still below last week’s high but this was the highest weekly close for Nov beans since February 21st. Sep spring wheat gained 36’4 to close at 884’2, its highest […]