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Market Commentary       Monday, March 27, 2023


>Monday, March 27, 2023
The next couple days look mainly dry across the Midwest, but the weather becomes more active mid to late this week. Scattered showers and thunderstorms become more widespread
Thursday and Friday, especially in the southeast half. Overall, 5 day
rainfall will be in the .25-1.00 inch range across the Cornbelt, but
a few locations could receive more. There will be opportunity for
fieldwork in the southern Midwest the next few days as this area
prepares for crop planting, but fieldwork faces delays later this
week. The far northwest section will have some light snow on
Wednesday. The wettest area of the Midwest during the 6-10 day
outlook will be in the east half with above normal rainfall. The west
half of the region looks drier at this time with near to below normal
precipitation. Near to above normal rainfall for the 11-15 day
outlook. The southwest portion of the Cornbelt will get crop planting
under way the next few weeks, but areas in vicinity of the Ohio River
will see early crop planting get off to a slow start.


Prices as of 11:49 AM CST  Mon. Mar. 27, 2023. 
U.S. MAY CHI corn between 641.10 and 645.62. Below that 638.59.
50 day moving average 637.40 would be bullish. 
U.S. MAY CHI soybeans between 1434.75 and 1443.50. Below that 1430.25
50 day moving average 1427.89 be bullish. 
U.S. MAY CHI wheat between 694.62 and 700.14. Below that 691.74.
50 day moving average 676.05 would be bullish.