MARKETS NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Fri Aug 23, 2013 03:03 PM CDT

As discussed in this week's On the Market column (Shoot the Moon), the December corn contract appears to be holding a bullish hand. Its weekly chart shows that the contract has the potential to rally, though gains could be limited by both commercial and noncommercial traders.

First, note the price pattern on the top chart from a week ago. Activity the week of December 12 saw the contract fall to a new low of $4.45 3/4, then rally well above the previous week's high of $4.65, before closing higher for the week. This established a key bullish reversal that coincided ...

Quick View
  • Betting on Shorter Beans Researchers at the University of Nebraska and Purdue University have pinpointed a gene that produ...
  • Herd Booster In 1935, in an effort to help ranchers hit hard by the Dust Bowl, the U.S. government bought 547 ...
  • Farmers Pivot Back After Storms The majority of center pivots damaged by severe weather earlier this summer in Nebraska are up an...
  • Pick Contingency Plans - 3 As crop prices and insurance coverage swoon, farmers may need to supplement incomes with federal ...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • AFBF Appeal The American Farm Bureau Federation asked a federal appeals court to reverse a lower court's Sept...
  • Taxlink by Andy Biebl What farmers consider a hedge may be speculation in the eyes of IRS -- and that significantly alt...
  • Woodbury: Family Business Matters Consider whether you want your legacy to be measured by the size of your bank account, your inves...
  • Ask the Vet Some tips on fly control.
Related News Stories
DTN Technically Speaking Blog
DTN Closing Grain Comments
DTN's Quick Takes
DTN Midday Livestock Comments
DTN Midday Grain Comments
Newsom on the Market
DTN Before The Bell Grain Comments
DTN Early Word Opening Livestock
DTN Early Word Grains
Canada Crop Estimates Released