We discuss the current state of corn futures as of February 10, 2025.
The price has been hovering around the $5 level, which is a significant psychological and technical resistance.
Click the video below to watch our analysis.
Video Summary
Weekly Futures Chart
Key Resistance at $5.00
Corn futures continue to stall at the psychologically significant $5.00 level.
Previous resistance from October 2023 remains intact.
A break above $5.00 could see a rally towards $5.25-$5.40.
Daily Futures Chart
Moving Averages & Trendlines
The 50-day moving average is advancing towards the price.
A potential pullback to $4.70 is anticipated in mid-February.
If the price breaks below $4.70, the 200-day moving average could come into play.
Trent Klarenbach, BSA AgEc, publishes the Klarenbach Grain Report and the Klarenbach Special Crops Report.
Klarenbach Research
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