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Weekly Summary & Recommendations 7/5/23

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



Corn


Corn situation after the close Monday, July 4, 2023:

September corn settled on Monday at $4.83¼, -73¢ from last Tuesday.


December corn settled on Monday at $4.93½, -67½¢ since last Tuesday.

The past 7 days’ high was $5.62½, the low was $4.88.

Contract high is $6.79¼ made Apr 27, 2022;

Contract low is $3.97½ made Dec 15, 2020;

Range is $2.81¾.

Yesterday’s closing price was:

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