Darin Newsom DTN Senior Analyst
Sun Oct 4, 2015 05:34 PM CDT

Weekly Analysis: Grain Markets

Corn (Cash): The DTN National Corn Index (NCI.X, national average cash price) closed at $3.56, up 1 cent for the week. The secondary (intermediate-term) trend remains sideways-to-up with resistance at $3.67. This price marks the 50% retracement level of the sell-off from $4.06 through the low of $3.28. The major (long-term) trend remains up.

Corn (Dec futures): The December contract closed 0.25ct higher at $3.89 1/4. The secondary (intermediate-term) trend remains sideways-to-up with initial resistance at the trendline mark of $3.92 1/4 this week, then the 4-week high of $3.95. Weekly stochastics are bullish above the ...

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