Grain Express 3/13/23
Posted: March 13, 2023, 8:05 a.m.
Black Sea Grain deal
- Deadline: March 18th.
Outside Markets
- Outside markets are seeing some massive swings in the overnight and early morning trade as the market grapples with the repercussions of the Silicon Valley Bank debacle. They say volatility presents opportunity.
Corn
Managed Money Position
Still not Up to Date. We will keep you posted when the CFTC gets caught up with the data lag.
Seasonal Trend in Play
- None
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Managed Money Position
- Still not Up to Date. We will keep you posted when the CFTC gets caught up with the data lag.
Seasonal Trend in Play
- July Soybeans have trended lower from February 24th-March 15th for 12 of the last 15 years.
Upcoming Seasonal Trend
- Starts March 19th.
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Wheat
Managed Money Position
- Still not Up to Date. We will keep you posted when the CFTC gets caught up with the data lag.
Seasonal Trend
- May Chicago wheat futures have trended lower from February 7th through April 7th for 13 of the last 15 years. The average decline is roughly of 15 cents. Last year was one of the off-trend years, due to Russia's invasion of Ukraine. That brought the average gain down.
Technicals Premium
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Levels Premium
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