Its March 1st. Where are we?

The monthly chart below shows where the current Chicago Soft Red Winter (SRW) market is relative to the high-low price range of the most recent 8 months.

The red lines showing .75, .50, .40 and .25 are percentile ranking of prices from highest price to lowest for the period since July, 2024. The last trade of February, 2025 was $555 1/2 per bushel, at the 40th percentile rank for the last 8 months, 41 1/4 cents above the lowest trade in the period.