January 23, 2023

Money Making Mondays

Top 3 – Things to Watch this week:

1. Rain has finally made it to the southern growing areas of Argentina with up to 2 inches.

2. As of 19 January, Ukraine had exported just over 18Mt of grain under the Black Sea Grain Initiative.

3. INVESTORS RAISE NET-LONG POSITIONS IN CORN, BEANS. Investor raise Wheat net-short positions.

This week’s Action Item:

Market has taken a bearish turn.  Does it mean full panic sell? No, but expect the volatility to continue.