Tidbits, Broilers & Ethanol, Markets & Rain Days Update 4/13/23
- Wright Team
- Apr 13, 2023
- 4 min read
Highlights
The most important price outlook indicators for corn, wheat and beans without any reliable fundamental news from the USDA is carry (daily), basis (weekly) and technical outlook.
Let’s take a look at the May to July carry for the first three days this week:
Corn: May gained 4½¢ on the July = Bullish
Beans: May gained 11¼¢ on the July = Bullish
Soft red winter wheat: May gained 5¢ on the July = Bullish
Hard red winter wheat: May lost ½¢ on the July = steady with a weak flavor
Hard red spring: May lost ¾¢ on the July = steady with a weak flavor
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