NEWS
DTN Midday Grain Comments
David M. Fiala DTN Contributing Analyst
Thu Feb 21, 2013 11:36 AM CST
General Comments

The U.S. stock market indices are lower with the Dow down 60. The interest rate products are lower. The dollar index is 20 higher. Energies are lower with crude down $2.30. Livestock trade is mostly lower. Precious metals are narrowly mixed.

CORN

Corn trade is 5 to 8 lower at midday with outside markets remaining soft with follow-through pressure. The nearby March chart resistance is now $7.07, and May is $7 then $7.05, support is at $6.85. The market tested above $7, but we are back in the lower $6.90s at midday. Old crop basis and spreads continue ...

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