Market Thoughts 5.14.23
The May WASDE report memorialized what we’ve been saying since October as those huge expected carryout increases set the stage for...
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Lighthouse Commodities
- May 7
- 1 min
Market Thoughts 5.07.23
Switching to July contracts, corn gained 11’4 to close the week at 596’4. Futures managed to fall all the way to 569’2 on Wednesday,...
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bcastell20
- Apr 30
- 1 min
Market Thoughts 4.30.23
So what happens now? Recent market behavior fits fairly well with the longer term bearish outlook we’ve maintained for months. ...
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bcastell20
- Apr 23
- 2 min
Market Thoughts 4.23.23
· May corn lost 3 cents to close at 663’2 after a wild week of trading. Futures reached 682’4 on Tuesday morning before a sharp...
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bcastell20
- Apr 17
- 1 min
Market Thoughts 4.17.23
May corn gained 22’6 to close at 666’2, highest weekly close since February 13th. May soybeans gained 8’0 and closed at 1500’4 but...
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bcastell20
- Apr 9
- 1 min
Market Thoughts 4.09.23
We had made the case last week for grains to stay steady/higher over the next month, noting various supportive short-term stories:...
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bcastell20
- Apr 2
- 1 min
Market Thoughts 4.02.23
May corn gained 17’4 last week to close at 660’4. This makes now three straight weekly gains with that contract up over 54 cents since...
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bcastell20
- Mar 27
- 2 min
Market Thoughts 3.26.23
May corn gained 8’6 this week to close at 643’0, a second straight weekly gain with futures now up 36 cents from the March 10th Strong...
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bcastell20
- Mar 19
- 3 min
Market Thoughts 3.19.23
· A little better week for corn as the May contract held above last week’s lows and gained 17’0 to close at 634’2. May soybeans lost 30’4...
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bcastell20
- Mar 12
- 2 min
Market Thoughts 3.12.23
· May corn lost 22’4 cents, blowing through last week’s 622’2 low and trading all the way down to 606 before recovering slightly to close...
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bcastell20
- Mar 5
- 2 min
Market Thoughts 3.05.23
May corn lost 9’4 cents this week to close at 639’6, its lowest weekly close since August 15th. The prior week’s meltdown continued...
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bcastell20
- Feb 26
- 3 min
Market Thoughts 2.26.23
Brutal week for corn as the March contract posted a high of 683 on Tuesday, failed again to take out its triple top then proceeded to...
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bcastell20
- Feb 19
- 2 min
Market Thoughts 2.19.23
March corn lost 2’6 to close at 677’6, week number six now that futures have closed between 675 and 683 as consolidation continues. The...
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bcastell20
- Feb 12
- 3 min
Market Thoughts 2.12.23
March corn gained 3’0 to close the week at 680’4. Corn continues to consolidate with this being the sixth time in the past seven weeks...
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bcastell20
- Feb 8
- 1 min
WASDE Report 2.08.23
22/23 Corn Ending Stocks were increased 25 mln bu, right in line with trade expectations. Arg corn production was reduced 5 mmt, just...
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bcastell20
- Feb 5
- 3 min
Market Thoughts 2.05.2023
March corn lost 5’4 this week to close at 677’4. Futures traded to 688’4 on Tuesday, only one tick below the 688’6 high from January...
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bcastell20
- Jan 29
- 4 min
Market Thoughts 1.29.23
March corn gained 6’6 this week to close at 683’0, its best close since October 31st. Monday’s brutal selloff featured March corn dipping...
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bcastell20
- Jan 22
- 2 min
Market Thoughts 01.22.23
March Corn added 1’2 this week to close at 676’2. Futures traded up to 688’4 on Wednesday, taking out late December highs in the process...
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jcrist18
- Jan 15
- 3 min
Market Thoughts 1.15.2023
March corn clawed back 21’0 cents this week, finishing at 675’0. That close was within a couple ticks of Friday’s daily high as corn...
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jcrist18
- Jan 11
- 3 min
Market Thoughts 01.11.23
Mar corn lost 24’4 this week to close at 654’0. Futures managed to trade down to 648’4 earlier in the week after hitting 685 late last...
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