Weekly Winners & Losers
Nearby soft red wheat futures closed above $6 for the first time since early February:
And hard red futures moved into a range we have not seen since December:
Dec corn continues to be perpetually stuck between 460 and 480, but at least we somewhat trended the right direction last week:
It’s been 26 long trading days since Nov beans closed above $12…. and a really long 107 since we closed above $13.
The big move in palm was fun while it lasted:
Sucks to be whoever is left long and wrong on old crop cotton as it has given up all of its Feb/March rally:
New crop hasn’t fared any better either:
New crop cotton HAD been the belle of the ball… had being the key word there:
Performance post-March acreage report says corn is actually winning the battle… or at least holding its own vs beans and cotton:
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