
Weekly Summary & Recommendations 6/22/22
Summary & recommendations for corn, soybeans and wheat this week.
Corn
Corn situation after the close Tuesday, June 21th, 2022:
December corn settled Tuesday at $7.01½.
Price Change Tuesday to Tuesday: down $0.19¾.
The past week’s high was $7.49¼, the low was $6.90½.
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:
$0.64¾ below the 24-month high;
$3.32¼ 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 down from June 21st (yesterday)
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