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Weekly Summary & Recommendations 6/8/22

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


Corn situation after the close Tuesday, June 7th, 2022:

December corn settled Tuesday at $7.14.

Price Change Tuesday to Tuesday: up $0.02½.

The past week’s high was $7.20¼, the low was $6.82.

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:

$0.52¼ below the 24-month high;

$3.45 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

Seasonal Trend is up into third week of June

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