FARM BUSINESS NEWS
DTN Midday Grain Comments
David M. Fiala DTN Contributing Analyst
Fri Aug 30, 2013 11:10 AM CDT
General Comments

U.S. stock markets are lower with Dow futures down 45. Interest rate products are lower. The dollar index is 20 higher. Energies are lower with crude off .70. Livestock trade is mixed. Precious metals are weaker with gold down $9.

CORN

Corn futures are 2 to 4 lower at midday with spillover pressure from the weaker soybean market. Some long profit-taking as we head into month's end and contract delivery on September is noted limiting the upside. On the December corn chart resistance is at $4.80, the 10-day, and support is at $4.70, the 20-day. The September futures ...

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