Grains Eye The Start Of Barley Planting, 11 Days From Now March 4, 2022
Yesterday the expiring March corn contract broke through the 2021 rally peak of 775. Today, the May temporarily did so in its limit up morning trade. Though the days close was a bit off the highs, we cannot call this is big win for bears. For the week May gained 63 1/2 cents, 22 1/4 for the December. For both contracts new contract highs and also a new high-close were noted on Friday. The market is pricing in export declines for Ukraine and Russia and idea there will be disrupted planting and fieldwork for both barley and corn.
Please login to your premium subscription to view this content in its entirety.
Post Archives
Allendale Insider
Allendale Insider
On The Go
On The Go
Market Movers
-
Exports Expected Poor, Grains Move to a Range
June 2, 2023
-
Overnight Trade Puts Beans and Wheat in the Middle of Last Week’s Trade
June 1, 2023
-
Macro Selling Seen, Rain Coverage Increases
May 31, 2023
-
Weather Maps Add Rain, Funds Not Short Covering
May 30, 2023
-
End Of The Week, Holiday Short Covering
May 26, 2023
Market Movers
June 2, 2023
June 1, 2023
May 31, 2023
May 30, 2023
May 26, 2023
Snapshots
Snapshots