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Weekly Summary & Recommendations 5/10/23

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 situation after the close Tuesday, May 9, 2023:

July corn settled on Tuesday at $5.84¾, +4¾¢ from last Tuesday.

December corn settled on Tuesday at $5.18¼, -1½¢ since last Tuesday.

The past 7 days’ high was $5.37, the low was $5.12½.

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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