FARM BUSINESS NEWS
Darin Newsom DTN Senior Analyst
Sun Dec 29, 2013 10:42 AM CST

Ag Markets: Weekly Analysis

Corn: The March contract closed 5.75cts lower. The secondary (intermediate-term) trend remains sideways. With weekly stochastics now bullish in an oversold situation (below 20%), the nearby March contract continues to hold above support at its recent low of $4.18 1/2 and below resistance at the four-week high of $4.40 3/4. Based on stochastics, the next change in trend should be up with the initial price target near $5.02 1/2.

Soybeans: The more active March contract closed 17.25cts lower. The secondary (intermediate-term) trend is sideways. However, the March contract posted a bearish outside week last week indicating ...

Quick View
Related News Stories
DTN's Quick Takes
Under the Agridome
Railroad Delays Interrupt Field Work
Exporters Report Corn Sale
Newsom on the Market
DTN Closing Grain Comments
DTN Midday Livestock Comments
DTN Midday Grain Comments
Shaw: Under the Agridome
DTN Before The Bell Grain Comments