Corn Futures Test Significant Resistance

Corn futures were able to rally back near the top end of the December trading range but face several technical barriers. Will last week’s USDA report be enough to help prices breakout?

Oliver Sloup breaks down corn’s key technical levels, recent USDA data, and much more.

Important: Grain Markets will be closed on Monday, in observance of Martin Luther King Jr. Day.

Get ALL of our daily commentary emailed to you!

Grains, Livestock, Energies, Metals, and More!

https://www.bluelinefutures.com/free-trial

If you have any questions about markets, trading, or opening an account, please let us know!

You can email us at info@BlueLineFutures.com or call 312-278-0500

Futures trading involves a substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete, and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.

AgWeb-Logo crop
Related Stories
Jerry Gulke, president of the Gulke Group says at the same time the latest CFTC Commitment of Traders report showed the large speculator adding to their net long positions in corn and soybeans and have been extending that position since the week of July 6.
Joe Kooima of Kooima Kooima Varilek says while last week’s higher weekly closes send a strong signal a bottom is in place in the cattle market, he’s not ready to say funds will be piling back in to buy yet.
Jerry Gulke president of The Gulke Group says it isn’t surprising to see profit taking in the soybeans with the funds holding a near record long position.
Read Next
Matt and Janna Splitter grew their farm by investing in people. Now the test is whether the farm can run without them — and which acres are worth keeping.
Get News Daily
Get Market Alerts
Get News & Markets App