🌟 Weekly Grain Recap: A Solid Week Overall
Corn: Up about 1½¢ on the week
Soybeans: Strong follow-through from last week
Last Friday looked like possible “topping action”
Market proved otherwise — pushed higher again this week
Nearly made new recovery highs (missed by 1¢)
Currently just 6¢ off the best levels of the week
Some farmer selling ahead of the 3-day weekend
Sensible risk management — “why not?”
🌾 Wheat: Shorts Taken to the Woodshed
Second-largest wheat volume day yesterday
Index fund shorts aggressively covered
Commitment of Traders data likely to show:
A noticeable reduction in wheat short positions
Full confirmation expected next Friday’s COT report
📉 Today’s Wheat Pullback (Still Higher on the Week)
Kansas City Wheat (March):
⬇️ Down 10¼¢ at 5.43¾
KC May:
⬇️ Down 10¾¢ at 5.55¼
