Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Tue Sep 30, 2014 06:32 PM CDT

Corn (Cash): The DTN National Corn Index (NCI.X, national average cash price) closed at $2.84, down 55 cents for the month. This is the lowest weekly close since the $2.27 posted at the end of September 2006. It is possible that the NCI.X could find support at the December 2008 low of $2.6890. Monthly stochastics are well below the 20% level, indicating the cash market is sharply oversold. It is possible the NCI.X could see a secondary bullish crossover in the coming months, confirming the initial pattern from February 2014.

Corn (Futures): The December contract closed at $3.20 3/4, 38.25ts ...

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