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Weekly Summary & Recommendations 6/15/22

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



Corn


Corn situation after the close Tuesday, June 14th, 2022:

December corn settled Tuesday at $7.21¼.

Price Change Tuesday to Tuesday: up $0.07¼.

The past week’s high was $7.28¾, the low was $7.07¾.

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:

$0.45 below the 24-month high;

$3.52¼ above the 24-month low.

USDA’s 2021 crop carryout in terms of days’ use: US: 36, world: 95

USDA’s 2022 crop carryout in terms of days’ use: US: 35, world: 96


Seasonal Trend is up until June 21st

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