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Weekly Summary & Recommendations 5/17/23

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, May 16, 2023:

July corn settled on Tuesday at $5.81¼, -3½¢ from last Tuesday.

December corn settled on Tuesday at $5.05¼, -13¢ since last Tuesday.

The past 7 days’ high was $5.21¼, the low was $5.01.


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