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6.2.23 Market Recap

This week’s action:   Corn Sep up 7 at $5.35 Beans Sep down 7 at $11.92 Feeders August up 7.85 at $241.75 Fats June up 9.325 at $176.60 Hogs June up 10.45 at $86.70   Corn Dec23 up 6 at $5.41 Beans Nov23 down 7 at $11.82 KC Wheat July down 8 at $8.12   Dec corn...

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5.26.23 Market Recap

This week’s action:   Corn July up 49 at $6.05 Beans July up 30 at $13.37 Feeders August down 1.20 at $233.90 Fats June up 1.50 at $167.275 Hogs June down 6.95 at $76.25   Corn Dec23 up 35 at $5.35 Beans Nov23 up 15 at $11.89 KC Wheat July down 5 at $8.20 In...

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5.12.23 Market Recap

This week’s action:   Corn July down 14 at $5.83 Beans July down 47 at $13.89 Feeders August up 7.22 at $228.98 Fats June up 2.43 at $164.40 Hogs June up .58 at $84.125 and a new contract low   Corn Dec23 down 28 at $5.07 Beans Nov23 down 57 at $12.22 KC Wheat July up...

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Call (options) for a Summer Rally?

AgResource had a nice informational piece on summer rallies and historicals behind them. I’ll summarize below… The December corn contract opened April at $5.67 and has since fallen below key support levels to $5.12. The chart below from AgResource explains that over...

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