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Corn Due for Correction

17:57PM Jan 12, 2015

Pro Farmer Senior Market Analyst Rich Posson says corn futures likely posted a Level 1 business cycle top two weeks ago, which was the earlier allowed in the cycle. A final swing up is allowed for a top due no later than this month, but current indications are the trend is down into a related bottom due next month.

In the March corn futures chart below, Posson uses technical indicators such as stochastic, moving averages, trendlines as well as his business-cycle analysis:

corn_jan2015

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