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Darin Newsom DTN Senior Analyst
Sat Nov 23, 2013 06:18 AM CST

Ag Markets: Weekly Analysis

Corn: The December contract closed 0.25ct higher. The secondary (intermediate-term) trend is sideways in corn. After posting a new low of $4.10 3/4 this past week, the December contract was able to close fractionally higher.

Soybeans: The January contract closed 39.00cts higher. The secondary (intermediate-term) trend is up. The January contract posted a bullish outside week (traded above the previous week's high, below the previous week's low, and closed higher for the week), its second such pattern over the last three weeks. Weekly stochastics remain long-term bullish, short-term neutral. The next upside price target is near ...

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