Market Thoughts 7.09.23
This week played out mostly as expected – favorable weather helped press corn to new lows and left beans unable to build on their...
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Lighthouse Commodities
- Jul 2
- 1 min
Market Thoughts 7.02.23
Well, definitely some memorable times here. We noted last week that the seasonal highs had been made, that the weather pattern was set to...
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Lighthouse Commodities
- Jun 26
- 1 min
Market Thoughts 6.26.23
So what now? We think it’s most probable that the June 21st highs were the seasonal highs. Again, that’s not a prediction, that’s simply...
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Lighthouse Commodities
- Jun 5
- 1 min
Market Thoughts 6.05.23
We’ve been riding hard this seasonal comparison to 2013 since last October and see no reason to stop now! Two weeks ago (the 21st) we...
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Lighthouse Commodities
- May 29
- 1 min
Market Thoughts 5.28.23
July corn gained 49’4 to close at 604’0 this week, the highest weekly close for that contract since April 17th and its largest weekly...
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bcastell20
- May 15
- 1 min
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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