Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Sun Sep 14, 2014 10:09 AM CDT

Corn (Cash): The DTN National Corn Index (NCI.X, national average cash price) closed at $3.12 3/4, down 17 1/4 cents for the week. The secondary (intermediate-term) trend remains down, in line with the market's seasonal index through the first week of October. National average basis (NCI.X minus the futures market) was calculated at about 26 cents under the December contract, fractionally weaker for the week. Weekly price distribution studies (close only) show the market to be underpriced. Last week's close puts the NCI.X in the lower 2% of the 5-year range, the lower 26% of the 10-year, the lower 18% ...

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