Weekly Summary & Recommendations 7/12/23

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our pricing recommendations for corn, soybeans and wheat for past week Wednesday to Tuesday.

Corn

Corn situation after the close Tuesday, July 11, 2023:

September corn settled on Tuesday at $4.94½, +11¼¢ from last Tuesday.

December corn settled on Tuesday at $5.01½, +8¢ since last Tuesday.

The past 7 days’ high was $5.09½, the low was $4.85½.

Contract high is $6.79¼ made Apr 27, 2022;

Contract low is $3.97½ made Dec 15, 2020;

Range is $2.81¾.

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