Market Movement from 16th May 2022 to 21st May 2022.
• This was highly volatile week in NY future. Market moved intraday 500 to 700 points daily. NY July got high of 151.95 and low of 141.13. Ultimately NY July closed with weekly loss of 293 points. Dec also closed with weekly loss of 281 points. July December inverse with minor changes remained almost unchanged.
• Export sales was better for current year but lower for next year. Shipment still lower and lagging behind to meet the USDA target.
