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Market Outlook After Tuesday’s Rough Start to 2023

As we start market trade in 2023, it was an interesting way to start the week with heavy “risk-off trading” on Tuesday. Soybeans broke back through the $15 mark after finally breaking through it over the holidays.

Brian Splitt of AgMarket.net mentions that we did fill some gaps in soybeans and we haven’t broken support quite yet. He talks about what he sees on both the old and new crop charts.


 

He also talks about the KC Wheat market and how the charts appear to show similarity to 2008 and that is something producers need to keep in mind.

Splitt also has a few recommendations as he looks at the old and new crop corn charts to start the year.

You can learn more online at AgMarket.net and also listen to the full conversation with Jesse Allen and Brian Splitt from yesterday’s Market Talk program below:

https://open.spotify.com/episode/3PZVK3hdpAu0xRuOoTRI0Y?si=dbF2U3gkTYiV5fqjJ-ub-g

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