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Weekly Summary & Recommendations 8/2/23

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 Tuesday, August 1, 2023:

September corn settled on Tuesday at $4.97, -60½¢ from last Tuesday.

December corn settled on Tuesday at $5.07¼, -58¢ since last Tuesday.

The past 7 days’ high was $5.65, the low was $5.05½.


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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