NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Sun Oct 26, 2014 01:08 PM CDT

Corn (Cash): The DTN National Corn Index (NCI.X, national average cash price) closed at $3.11, up 5 cents for the week. While technical indicators continue to show the secondary (intermediate-term) trend remains up, seasonally the cash market tends to turn sideways through mid-November. This could lead to a short-term test of support at $2.93. Last Friday's national average basis was calculated at about 42 cents under the December contract, unchanged from the previous week.

Corn (Futures): The December contract closed 5.00cts higher at $3.53. The contract fell back from its test of technical resistance near $3.65, a price that marks ...

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