NEWS
Darin Newsom DTN Senior Analyst
Wed Jun 12, 2013 08:10 AM CDT

Dec Corn Daily Chart: At a Crossroads

A look at the daily December corn chart shows a market that is unsure of its future direction. This opens the door for reaction to Wednesday's USDA June Crop Production report to set the trend of the market for the short-term. From a technical analysis point of view, this is a bitter pill to take since its main tenet is that fundamentals are already built into price.

Recall the posts on soybeans from last week. On Monday I discussed signals on the November weekly chart followed by Tuesday's look at the November daily. ...

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