Market Signals Weekly Report

The following are comments and discussion items from the weekly conference call of the Market Signals Team.

Discussion Items:

• SK3 dropped from to $15.38 to $14.91 on concern over lower global demand.
• CK3 dropped from $6.40 to $6.06 on negative USDA March S/D report.
• WK3 dropped from $7.11 to $6.61 on lower Russia export prices but rallied to $6.96.
• USDA estimated US 2022/23 corn carryout at 1,342 mil bu due to lower exports.
• USDA estimated US 2022/23 soybean carryout at 210 mil bu due to higher exports.
• USDA estimated US 2022/23 wheat carryout at 568 mil bu unchanged from February.
• There were rumors that China was buying US soybeans, corn and sorghum.
• US north plains, NW cornbelt, Delta and SE continues to be wet. SW plains are also dry.
• Failure of 2 US Banks raised concern over US Banking system and triggered liquidation of risk on positions.

Performance Charts

Now you can review the price and performance history of the Market Signals group back to 2011.
Click Unsold pieces to reveal Recommendations, when applicable.

All price recommendations below are futures price references (not cash equivalents).