Darin Newsom DTN Senior Analyst
Sun Apr 26, 2015 11:04 AM CDT

Weekly Analysis: Grain Markets

Corn (Cash): The DTN National Corn Index (NCI.X, national average cash price) closed at $3.47, down 14 cents for the week. Weekly stochastics indicate the secondary (intermediate-term) trend remains down, dating back to the bearish crossover above the overbought level of 80% the week of December 29, 2014. Since then support at $3.47, the 33% retracement level of the previous uptrend from $2.81 through the high of $3.73, has generally held. With weekly stochastics still bearish, a downside breakout of the sideways range between $3.44 (low the week of January 26, 2015) and $3.74 (high the ...

Quick View
Related News Stories
DTN's Quick Takes
Technically Speaking Blog
DTN Closing Grain Comments
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