MARKETS NEWS
Darin Newsom DTN Senior Analyst
Mon Oct 21, 2013 02:55 PM CDT

Dec Corn: Cracking the Immovable Object

In my blog last Wednesday (Dec Corn's Immovable Object) I talked about the difficult Dec corn has had with its 20-day moving average. Time after time it would bang its head against this resistance, only to succumb and move lower again. That is until Monday, October 21.

For the first time since September 3, Dec corn is looking down at its 20-day moving average at the close, albeit through a microscope. The close of $4.44 is only the smallest fraction above the calculated average of approximately $4.43 3/4 (red line, top chart), yet above ...

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