July Corn Chart

Corn prices were down sharply this morning in the July contract, down 20 cents at one point but turned around and closed unchanged. Unchanged is not impressive close but we did rally back nicely from sharp losses this morning in the July contract. Now we’ll have to see if we can get some follow through tomorrow. We currently have overhead resistance at $6.84 on the July chart with support at $6.29-$6.33 and today’s close put us very close to the middle of that range. Weather will determine if we push higher towards resistance or pushed lower towards chart support.