Weekly Winners & Losers
OJ is back - up nearly 12% last week making new all-time highs just shy of $420 on Friday.
Wheat was among the week’s worst performers as Dec Chicago futures closed down 4.3% and KC lost 6.4%. Kansas City also made a new, two-year low on Friday at $6.14.
Dec corn started its week with a new low of $4.61 before rallying above $4.80 mid-week then settling at $4.67 on Friday.
With a gain of 3 cents on the week (thanks to Monday’s 13-cent rally), this was corn’s first weekly close higher in a month.
The slow grind lower continues, however:
After being stuck in the 480s for weeks, we have not had a close above that level since October 27:
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