Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn, soybeans and wheat for past week Wednesday to Tuesday.
Corn
Corn situation after the close Tuesday, May 9, 2023:
July corn settled on Tuesday at $5.84¾, +4¾¢ from last Tuesday.
December corn settled on Tuesday at $5.18¼, -1½¢ since last Tuesday.
The past 7 days’ high was $5.37, the low was $5.12½.
Contract high is $6.79¼ made Apr 27, 2022;
Contract low is $3.97½ made Dec 15, 2020;
Range is $2.81¾.