3/10/2023
Mar 10, 2023
![3/10/2023 3/10/2023](https://storageatlasengagepdcus.blob.core.windows.net/atlas/all-media/glaciplaincoope/commentary/2023/january-march/thumbnails/treated-corn-thumbnail.jpg?ext=.jpg)
After dipping 3-5 cents lower just ahead of the coffee break, corn managed to keep its head above water (and the $6.00 level on the board) on Friday to end the week. Soybeans finished 3-5 lower but firmly above their low marks on the day. The market was ready to buy May soybeans when it briefly traded below the $15 level. U.S. export sales netted a marketing year high for corn last week, exceeding market expectations for a total 1.412 mln tonnes. On the opposite end of the spectrum was soybeans, which printed a marketing year low with 23k tonne net cancellation, led by Pakistan cancelling 2 cargoes. After trading its highest levels in over 14 years in 2022, wheat continues on its path downward, spring wheat contracts are trading around 60% of their value from 10 months ago. Also keeping the market defensive and on edge is Wall Street. As of about 1:20pm, the DOW was down 1,500 points and the NASDAQ 500 points lower on the week.
![outlook.png outlook.png](https://storageatlasengagepdcus.blob.core.windows.net/atlas/all-media/glaciplaincoope/commentary/2023/january-march/features/outlook_6.png)
![outlook.png outlook.png](https://storageatlasengagepdcus.blob.core.windows.net/atlas/all-media/glaciplaincoope/commentary/2023/january-march/features/outlook_6.png)