Corn Due for Correction

 
Corn Due for Correction

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

Once a week, Pro Farmer VIP Members have access to Pro Farmer's Tech Talk, compiled by Posson, who is a certified market technician. Click here to learn more about the service and click here to become a Pro Farmer Member.

 

Back to news


Comments

 
Spell Check

tom
wapella, IL
1/13/2015 03:28 AM
 

  When will the markets start reacting to the possibility of a late spring planting our fields are very saturated in Illiniois and our neighboring states

 
 

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close