NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Sun Jan 25, 2015 05:05 AM CST

Corn (Cash): The DTN National Corn Index (NCI.X, national average cash price) closed at $3.58, unchanged for the week. The secondary (intermediate-term) trend remains down with initial support at $3.47. This price marks the 33% retracement level of the previous uptrend from $2.81 through the high of $3.80. National average basis held steady last week at 29 cents under (NCI.X - March futures).

Corn (Old-crop): The March contract closed 0.25ct lower at $3.86 3/4. The secondary (intermediate-term) trend remains down with next support pegged at $3.73 3/4. This price marks the 50% retracement level of the previous uptrend from $3.30 ...

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