NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Sat Jan 31, 2015 11:08 AM CST

Corn (Cash): The DTN National Corn Index (NCI.X, national average cash price) closed at $3.44, down $0.14 for the week. The secondary (intermediate-term) trend remains down with next support at $3.31. This price marks the 50% retracement level of the previous uptrend from $2.81 through the high of $3.80. National average basis strengthened last week with the NCI.X calculated at 26 cents under the close of the March futures contract.

Corn (Old-crop): The March contract closed 16.75cts lower at $3.70. The secondary (intermediate-term) trend remains down with next support near $3.59 1/4. This price marks the 67%% retracement level of ...

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