Naomi Blohm with Total Farm Marketing says corn took a break after a three-day rally running into chart resistance in the December contract around $4.25.

Randy Martinson, Martinson Ag, says corn tried to move higher early Thursday but the December contract is running into chart resistance with the 20-day moving average at $4.25. Can weather help the market get above this level?

The details revealed “some tariff price pressures may be appearing in the economy.”

Ted Seifried, Zaner Ag Hedge, says corn and to some degree soybeans, were adding weather premium as some heat comes is predicted for much of the Corn Belt in the extended forecasts. However, talk of China business also stirred up the trade.

Vince Boddicker, Farmers Trading Company, says corn is extending gains for a third day still seeing short covering. However, the corn and soybeans markets are adding some weather premium with extended forecasts looking hotter in the 11-15 day time period.

The United States’ growing agricultural trade deficit has raised political alarm bells.

Chip Nellinger, Blue Reef Agri-Marketing says corn was able to build on Monday’s key reversals and close higher for a second day. However, without a weather problem what is the likelihood the market can sustain a rally?

Kent Beadle, Paradigm Futures, says corn and soybeans are seeing some pressure from weather and Monday’s strong crop ratings. Cattle recover with their discount to cash.

Mike Zuzulo, Global Commodity Analytics, says old and new crop corn hit fresh contract lows again Sunday night but was able to divorce itself from the rest of the ag markets due to several factors. Meanwhile, soybeans and wheat were lower trading tariff and sanction news.

The U.S. economy is teetering on the edge of a recession, with key indicators showing signs of stress.