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Darin Newsom DTN Senior Analyst
Sun Aug 31, 2014 12:28 PM CDT

Grain Markets: Weekly Analysis

Corn: The DTN National Corn Index (NCI.X, national average cash price) closed at $3.39, down 8 1/4 cents for the week. National average basis (NCI.X minus the futures market) closed out the 2013-2014 marketing year by weakening 2 cents to 20 cents under the September and 25 cents under the December. The NCI.X is priced in the lower 14% of its 5-yerar distribution range (weekly close only) and the lower 37% of its 10-year distribution range.

New-crop Corn: The December contract closed 6.75cts lower. The secondary (intermediate-term) trend is sideways. Resistance is at the 4-week high ...

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