If You Haven't, Try Our Daily Grain Market Reports FREE for 30 Days!

Weekly Summary & Recommendations 03/31/2022

Corn, Soybeans and Wheat weekly analysis.



Corn Situation after the close 29 March 2022

Even though we expected old crop futures to exceed $7, we recommended since June 29, 2021 pricing 2021 corn when nearby futures were $6.22 to eliminate risk and prepare to buy puts when high is made this spring or early summer to make the money on the way down not made on the way up.

May 2022 corn made a new high on March 4th at $7.82¾ and settled yesterday at $7.26¼.

December corn settled at $6.52¾ on Tues 29th of March 2022

Price Change Tuesday to Tuesday: down 18¾ cents

20-month high $6.80½ made 23 March 2022, 42½ cents above the Dec corn 2021 high

20-month low $3.68¾ made June 26, 2020

20-month range is $3.11¾

Yesterday’s closing price is:

29¼ cents below the 20-month high

$2.82¼ above the 20-month low

USDA's 2020 crop carryout in terms of days’ use: US: 30, world: 93

USDA's 2021 crop carryout in terms of days’ use: US: 35, world: 92

Seasonal Trend is up into third week of June

Fundamentals are Bullish

Technical Situation is Bullish

Want to read more?

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

Subscribe Now