NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Fri Aug 15, 2014 08:23 AM CDT

For weeks, DTN analysis has been looking at a possible turn in the corn market. And with the activity seen in the more active December contract, it looks like the stage is set for a move into a secondary uptrend.

Notice that this week has seen December corn trade outside of last week's high, in the process posting a new low of $3.58. If the contract closes above last Friday's settlement of $3.63 1/2 (it finished the CME Globex overnight session at $3.78), it will have established a key bullish reversal on its weekly chart.

For those wondering about the ...

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