USDA restarts weekly export sales. September 15, 2022

Corn ended the day with light losses. This came despite the lightly positive railroad news this morning. We'll call the delayed weekly export sales as disappointing. Prices ended the day near the lows. Corn remains in a clear uptrend with the goal for this week an ending over the 61.8% retracement, 688 1/8. If that is surpassed bulls hope for the potential to the 725 3/4 - 728 1/4 gap. At this moment the 50% retracement mark of 664 is support.

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Allendale, Inc.
4506 Prime Parkway McHenry, IL 60050

1.800.2MARKET | 1.800.551.4626
Local: 815.578.6150 | Fax: 815.363.5511

service@allendale-inc.com

©2019 Allendale, Inc.
This communication is intended as a solicitation for business in the U.S. Please see our full disclaimer.
Site designed and developed by Turnkey Digital.