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Weekly Summary & Recommendations 4/12/23

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, April 11, 2023:


May corn settled on Tuesday at $6.51, -2¾¢ from last Tuesday.

December corn settled on Tuesday at $5.59¼, -¾¢ since last Tuesday.

The past 7 days’ high was $5.65½, the low was $5.50½.

Contract high is $6.79¼ made Apr 27, 2022;

Contract low is $3.97½ made Dec 15, 2020;

Range is $2.81¾.

Yesterday’s closing price was:

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