NEWS
Darin Newsom DTN Senior Analyst
Sun Aug 24, 2014 01:38 PM CDT

Grain Markets: Weekly Analysis

Corn: The DTN National Corn Index (NCI.X, national average cash price) closed at $3.48 1/2, up $0.015 for the week. National average basis strengthened by about 2 cents, coming in at 18 cents (rounded) under the September futures contract. The NCI.X remains priced near the lower-third of numerous price distribution ranges, including the 5-year and 10-year. This could spark increased buying interest in the cash market.

New-crop Corn: The December contract closed 5.50cts lower. Despite the lower weekly close the secondary (intermediate-term) trend remains up. A number of bullish technical signals have been established the last ...

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