FARM BUSINESS NEWS
DTN Midday Grain Comments
David M. Fiala DTN Contributing Analyst
Wed Feb 12, 2014 11:38 AM CST
General Comments

The U.S. stock markets are higher this morning with the Dow down 60 points. The interest rate products are higher. The dollar index is 5 higher. Energies are mostly higher with crude up 70. Livestock trade is mostly lower. Precious metals are higher with gold up $3.

CORN

Corn trade is steady to 1 lower in quiet trade at midday. March chart support remains at $4.40 then major support at $4.34 around the 10 and 20-day moving averages, with resistance at $4.46 on the 100-day, and $4.49 on the recent and multi-month high. The USDA Outlook and baseline ...

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