While I would like to say it is good to be back, it would be hard to call the first week of trade in 2024 welcoming. Corn and wheat lost 11-12 cents this week with March beans falling 42 in the four days of trade.
While many of the stories we are trading today are like what we were trading at the start of my holiday hiatus a handful of weeks ago, time has given us the benefit of getting a clearer picture of what it all may mean for price. Unfortunately for market bulls, a lot of what has transpired over the past couple of weeks has not necessarily supported a move higher in prices.
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