Light Buying Surfaces
CORN Corn futures are firm to start the week amid a steep drop in the dollar overnight to a 3-1/2 week low and double-digit gains in wheat. Higher trade in crude and stock index futures is also noted....
The downtrend may be expected to continue, while pair is trading below resistance level 1200.6, which will be followed by reaching support level 1143.4 and if it keeps on moving down below that level,...
The downtrend may be expected to continue, while market is trading below resistance level 585, which will be followed by reaching support level 551
The uptrend may be expected to continue, while pair is trading above support level 1686.6, which will be followed by reaching resistance level 1759.2
Soybean (ZSN22) is hesitating to start the week, and appears ready to consolidate the strong gains over the past 2 weeks. Nevertheless, with the ascending triangle (on the weekly chart) in its advanced...
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Support zone approaches between 1135 and 1071.
Kansas wheat tour and Cattle-on-Feed
Afternoon position squaring pulled corn prices off their daily lows, but the board still went home 3 1/2 to 4 1/2 cents in the red. The July/Dec spread tightened slightly to 43 3/4 cents. USDA reported...