Grain > Commentary > 3-1-2024

3/1/2024

Mar 01, 2024

Not the showing for corn the bulls were hoping for on Friday.  While soybeans enjoyed some steadily higher trade, corn was unable to test any new resistance and fell quickly into the red.  One thing positive we can take away from the market today is that May corn was able to recover and hold above its 10-day moving average.  It looks like the funds are not ready to offset a large portion of their short position.  Besides some technical trade on corn, there was not much happening for headlines today.  The February crop insurance prices were set at $4.66 for corn and $11.55 for soybeans.

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