Corn needs to see expansion of geographic concern.

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.

This content requires a premium subscription.

Please login to your premium subscription to view this content in its entirety.


Forgot your password? Reset it by clicking here.
Need an account?
Try our FREE 1 week trial, no card required.
Interested in our Free Webinar?

Sign up now! 

Post Archives

Allendale Insider

On The Go

Market Movers


Trader Insights

Morning Wake up Calls