Weakness Persists in the Corn Market Ahead of Tomorrow’s USDA Report

Corn futures had a nice reversal in yesterday’s session but was unable to use that to their advantage following a dismal export sales report this morning.

Corn futures had a nice reversal in yesterday’s session but was unable to use that to their advantage following a dismal export sales report this morning.

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Jerry Gulke, president of The Gulke Group, says “If you look at the weekly chart it looks pretty bad. We’re a long way away from the highs set the first part of September.”
Craig Turner of StoneX says a close in corn below $4.70 would be negative for the market and open the door to further fund liquidation even though corn is oversold.
Jerry Gulke, president of The Gulke Group, says grain prices need to go low enough to be competitive and stimulate demand.
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