DTN Midday Grain Comments
David M. Fiala DTN Contributing Analyst
Tue Dec 4, 2012 11:32 AM CST
General Comments

The U.S. stock market indices are narrowly mixed. The interest rate products are lower. The dollar index is 16 lower. Energies are lower with crude down $0.60. Livestock trade is mostly lower. Precious metals are weaker with gold down $22.


Corn trade is 5 to 7 lower at midday due to outside markets mixed and the dollar softer again. March contract chart support is at $7.54 and $7.44, and resistance remaining in the $7.65-70 range. Resistance was tested yesterday now support today. This continues to trade like a rangebound market. Argentina looks to remain wet in the ...

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