top of page
If You Haven't, Try Our Daily Grain Market Reports FREE for 30 Days!
Writer's pictureWright team

Weekly Summary & Recommendations 10/30/24

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn, soybeans and wheat (Soft Red Winter, Hard Red Winter & Spring), fuel, fertilizers for past week Wednesday to Tuesday.


Explanation of our approach:



Corn


Corn situation after the close Tuesday, October 29, 2024:


December corn settled yesterday at $4.13¾, -2¾¢ since last Tuesday.

The past 7 days’ high was $4.24, the low was $4.10.


Tuesday’s closing price was $1.76¼ below the contract high of $5.90 (June 17, 2022) and 28¾¢ above the contract low of $3.85 (Aug 26, 2024).


USDA’s 2024/25 crop carryout in terms of days’ use: US 49, world 91.


Pricing factors:

              Want to read more?

              Subscribe to wrightonthemarket.com to keep reading this exclusive post.

              Recent Posts

              See All
              bottom of page