| Grain Express | 5/4/2023
Posted: May 4, 2023, 8:34 a.m.
A Brief History of Corn Highs
- The most popular month within the last 20 years for December corn to notch its year-of-expiration high is June with five instances, while May, July and November each have three. New-crop corn made May highs in 2021 and 2022, and it made April highs twice, most recently in 2014. -Reuters
- Here's a great article from Reuters comparing this year's corn action to 2013 and other years: Column: Chicago corn futures may find a doppelganger in 2013 | Reuters
CornSeasonal Trend in Play
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SoybeansSeasonal Trend in Play
Technicals (July) Soybean futures are having a tough time making up their mind this week, trading in a 50ish cent range. The Bulls need to continue defending 1396-1402 to spark a bigger relief rally. A failure to do so keeps the technical advantage in favor of the Bear camp.
Bias: Neutral/Bullish Previous Session Bias: Neutral/Bullish Resistance: 1422-1431***, 1439 3/4** Pivot: 1396-1402 Support: 1380-1385****
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Wheat
Seasonal Trend in Play
- None
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