Corn needs to see expansion of geographic concern. July 18, 2022
Corn added a little price premium today but we won't call it impressive. A settlement of +7 cents indicated the trade was unable to hold the day's peak trade at +20 cents. December has built a good base of trade in the prior two weeks from 570 - 600. It does not have the lit match yet to push back to the 38.2% retracement of 643 1/4 or the 50% mark at 666 1/2. The potential Ukraine deal, last week's disappointing USDA report and a more moderate weather threat are issues.
Please login to your premium subscription to view this content in its entirety.
Post Archives
Allendale Insider
Allendale Insider
On The Go
On The Go
Market Movers
-
Possible light fund short covering yesterday
December 6, 2023
-
Funds sellers of 21K, slightly higher support due to exports
December 4, 2023
-
SA maps still look solid for rains in the 10 day
December 1, 2023
-
Trade expects strong exports and more 8 AM announcements
November 30, 2023
-
Open interest continues to fall drastically
November 29, 2023
Market Movers
December 6, 2023
December 4, 2023
December 1, 2023
November 30, 2023
November 29, 2023
Snapshots
Snapshots