5/26/2023

Corn and soybeans completed a double-digit push higher and head into the holiday weekend with a strong tone.  Both finished the day with gains ranging from 13-18 cents.  Trade this week was mostly about funds positioning themselves closer to neutral after flipping short last week.  Weather forecasts continue to show a dry bias going into June and this is likely the beginning of some weather-related risk premium being priced into grains.  If you're wanting the market to rally, weather is really the only bullish wild card that the market can play.  If there is a certain price level you are working for, we strongly encourage you to have sell orders working.