NEWS
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 ...

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