An downtrend will start as soon, as the market drops below support level 1388, which will be followed by moving down to support level 1366 and 1337

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 market is trading above support level 624 – 631, which will be followed by reaching resistance level 660 – 677

USDA further tightens corn balance sheet

Following the report, old crop corn futures posted new highs, which for May was $5.95/bu, but prices were just fractionally higher to 2 1/2 cents in the red at the close. New crop prices stayed higher,...

At the close for Friday, soybean futures were 8 1/4 to 12 1/4 cents in the red. For May, that finished the week as a 7 cent pull back. The fresh cash average price for old crop beans was a dime higher...

At the closing bell on Friday, wheat futures were still up by double digits. CBT futures closed 8 3/4 to 10 cents higher, which for May completed a 31 3/4 cent move for the week. KC HRW futures go into...

I believe the stage is nearly set for the next 5 months.

Initial report response shot corn prices to new contract highs, but trade has backed off by midday. At midday prices are still 4 1/4 cents in the black for old crop and up 2 3/4 to 4 cents for new crop. ...

Soybeans were in the red going into the report, but bounced back to positive territory after the release. For midday, beans are back in the red with 5 to 7 cent losses. The average cash price for soybeans...