Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Wed Apr 1, 2015 08:44 AM CDT

Corn (Cash): The DTN National Corn Index (NCI.X, national average cash price) closed at $3.55, down 10 cents for the month. The major (long-term) trend remains up, while the secondary (intermediate-term) trend is sideways to down. Support remains at $3.31, a price that marks the 50% retracement level of the rally from $2.81 (October 2014 low) to $3.80 (December 2014 high). The long-term price target remains $4.90, the 38.2% retracement level of the previous major downtrend from $8.26

(August 2012) to $2.81 (October 2014). The April 2014 high was $4.86.

Corn (Futures): The May contract closed at $3.76 1/4, down ...

Quick View
Related News Stories
DTN Technically Speaking Blog
DTN Closing Grain Comments
DTN's Quick Takes
DTN Midday Livestock Comments
DTN Midday Grain Comments
Newsom on the Market
Guest Editorial
DTN Before The Bell Grain Comments
DTN Early Word Opening Livestock
DTN Early Word Grains