Weekly Winners & Losers
Wheat was among the best performers this past week, rising from the dead on a little bit of export business, firming Black Sea markets and a corn market that has tapped the brakes on the bleeding for now.
Wheat’s rally also helped lift Chicago to its largest premium over corn in a month:
We should just call this one A Race to the Bottom:
Corn is on a tear though! (sarcasm)
With Wednesday, Thursday and Friday’s higher closes - this is its first 3-day winning streak March corn has had since mid-August.
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