Market Movement from 11th Mar 2024 to 16th Mar 2024.
• After experiencing high volatility in the last two weeks, this week has seen a slowdown with less volatility in the New York (NY) market. Prices remained within a narrow range of 93.50 to 97.50. The increase in certified stock has constrained speculators from pushing prices higher. Consequently, the current NY market lost 134 points week over week.
Market Movement from 04th Mar 2024 to 09th Mar 2024.
• The past week has been marked by significant volatility in the New York (NY) futures market, experiencing both limit ups and limit downs. Despite dull export sales, the market saw an upswing with improved shipment figures, leading to a limit up and a somewhat bullish World Agricultural Supply and Demand Estimates (WASDE) report.