Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Sun Sep 28, 2014 10:33 AM CDT

Corn (Cash): The DTN National Corn Index (NCI.X, national average cash price) closed at $2.89, down 13 cents for the week. This is the lowest weekly close since the $2.8251 posted the week of August 31, 2009. Beyond that is the $2.6890 from the week of December 1, 2008. National average basis continues to trend down, weakening another 5 cents to 34 cents under the December futures contract. The NCI.X is also 70 cents under the September 2015 contract, the weakest it has been at this point in the marketing year compared to the previous 5-years.

Corn (Futures): The December ...

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