Monday making mondays
Tuesday, February 21, 2023 at 4:16:50 p.m. UTC
February 21, 2023
Top 3 – Things to Watch this week:
1. This week will mark the one-year anniversary of Russia / Ukraine.
2. Rains are forecast in Argentina this week but are not likely to be enough to offset sweltering temperatures.
3. Winter storms in mid-west are bringing moisture.
This week’s Action Item:
Canola testes its lows last week of 810 on May futures it is back up to 824. This is a solid market that is range bound. We need to be careful in this environment because the market is consolidating and waiting for news to push it higher or lower. November futures is back above 800 which is good. Still looking for solid opportunities to book new crop at 820 on the nov futrues.