Weekly Summary & Recommendations 12/4/24

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:

https://www.wrightonthemarket.com/post/how-to-decide-when-to-price-grain

Corn

Corn situation after the close Tuesday, December 2, 2024:

March corn settled yesterday at $4.32¼, +4¼¢ since last Tuesday.

Tuesday’s closing price was $1.41½ below the contract high of $5.73¾ (Jan 3, 2023) and 28½¢ above the contract low of $4.03¾ (Aug 26, 2024).

USDA’s 2024/25 crop carryout in terms of days’ use: US 47, world 90.

Pricing factors:

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