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Weekly Summary & Recommendations 3/1/23

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, February 28, 2023:

May corn settled on Tuesday at $6.30¼, -50¼¢ from last Tuesday.


December corn settled on Tuesday at $5.69¾, -26¾¢ since last Tuesday.

The past 7 days’ high was $5.96¼, the low was $5.68¾.


Contract high is $6.79¼ made Apr 27, 2022;

Contract low is $3.97½ made Dec 15, 2020;

Range is $2.81¾.

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