FARM BUSINESS NEWS
Darin Newsom DTN Senior Analyst
Sun May 11, 2014 08:56 AM CDT

Ag Markets: Weekly Analysis

Corn: The July contract closed 8.00cts higher. The secondary trend is sideways despite weekly stochastics remaining bearish. The latter established a bearish crossover the week of April 6 but has failed to generate increased noncommercial long-liquidation. The July contract is holding near technical price resistance at $5.06 1/2, a price that marks the 33% retracement level of the previous downtrend from $6.76 through the low of $4.21 3/4. As for breaking out of its sideways trend, the range is between the four-week high of $5.24 1/4 and the four-week low of $4.90 3/4.

New-crop Corn: The ...

Quick View
Related News Stories
Kub's Den
DTN Closing Grain Comments
DTN's Quick Takes
DTN Midday Livestock Comments
DTN Midday Grain Comments
DTN Before The Bell Grain Comments
DTN Early Word Opening Livestock
DTN Early Word Grains
DTN Closing Grain Comments
DTN Midday Livestock Comments