Soybeans and wheat end the week higher, corn mixed. February 3, 2023
This week's trade could be summarized as mixed for corn. March ended the week -5 1/2 cents. It is still struggling to hold prices back into the +680 range. The recent 688 3/4 peak from 1/18 was retested but not broken this week. Officially December did win this week with a +8 3/4 cents higher trade. But that is a gain from last Friday which was near the low end of a four month long downtrend. The trade continues to debate Argentine weather scenarios for the remainder of February. Weekly export sales were positive on Thursday.
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