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