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Weekly Summary & Recommendations 6/1/22

Summary & recommendations for corn, soybeans and wheat this week.


Corn Situation after the close 31th May 2022:

December corn settled Tuesday at $7.11½.

Price Change Tuesday to Tuesday: down $0.13¾

The past week’s high was $7.32¾, the low was $7.07.

24-month high $7.66¼ made May 16, 2022;

24-month low $3.69 made June 26, 2020;

24-month range is $3.97¼.

Yesterday’s closing price is:

$0.54¾ below the 24-month high;

$3.42½ above the 24-month low.

USDA’s 2021 crop carryout in terms of days’ use: US 31, world 90; USDA’s 2022 crop carryout in terms of days’ use: US 37, world 90.

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