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

Weekly Summary & Recommendations 2/21/24

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) for past week Wednesday to Tuesday.


Explanation of our approach:



Corn


Corn situation after the close Tuesday, February 20, 2024:


March corn settled on Tuesday at $4.18¾, -12¢ since last Tuesday.

The past 7 days’ high was $4.31, the low was $4.14¾.


Contract high is $6.85¼ made April 27, 2022;

Contract low is $4.14¾ made February 20, 2024;

Contract range is $2.70½

Tuesday’s closing price was $2.66½ below the contract high and 4¢ above the contract low.


USDA’s 2022/23 crop carryout in terms of days’ use: US 36, world 94.

USDA’s 2023/24 crop carryout in terms of days’ use: US 54, world 98.


Pricing factors:

Want to read more?

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

Commentaires

Les commentaires n'ont pas pu être chargés.
Il semble qu'un problème technique est survenu. Veuillez essayer de vous reconnecter ou d'actualiser la page.
bottom of page