Watch Friday's corn close

Published on: 12:44PM May 20, 2009

Will December corn close above $4.55 this Friday? That's what's needed to maintain the recent uptrend, says Jerry Gulke of Strategic Marketing Services. Given the turn for the worse in weather predictions, which spells further planting delays for corn and possibly shifting soybeans into the "late" category, there's an argument for the case.

Gulke is generally bullish, and has removed short hedges for now.