Weekly Summary & Recommendations 04/27/2022

Summary & recommendations for corn, soybeans and wheat this week.

Corn

Corn Situation after the close 26 April 2022

Even though we expected old crop futures to exceed $7.00, 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 corn traded above $6.22 on January 25, 2022.

May 2022 corn made its high April 19th at $8.19¾ and settled yesterday at $8.03¼.

December corn settled at $7.43½ on Tuesday, 26 April 2022

Price Change Tuesday to Tuesday: down 3½ cents

20-month high $7.55 made 19 April 2022, $1.17 above the Dec corn 2021 high

20-month low $3.68¾ made June 26, 2020

20-month range is $3.86

Yesterday’s closing price is:

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