NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Sun Oct 19, 2014 08:33 AM CDT

Corn (Cash): The DTN National Corn Index (NCI.X, national average cash price) closed at $3.06, up 13 cents for the week. The intermediate-term trend on the weekly chart is up, in step with the market's seasonal index through October. Last week's higher close established a secondary bullish crossover by weekly stochastics. The initial bullish crossover occurred the week of August 11. However, given the strengthening carry in futures spreads, look for basis to weaken meaning the cash market should continue to lose ground to the rally in the futures market.

Corn (Futures): The December contract closed 14.00cts higher. The secondary ...

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