Corn prices were limit up for a good portion of the day up to 7.60 but did back off at the close closing at 7.47. About 12-13 cents off the daily high.

Chart and technical indicators are almost irrelevant as the updates and news stories coming out of Russia/Ukraine war that will drive prices in the days and weeks to come.

It’s worth noting that nearby corn prices are approaching last year’s high that was hit in early May.