July Corn Chart

Today’s corn chart does not show much change. It was an inside day. Today’s range stayed below yesterday’s high and above yesterday’s low, an inside trading day. But the chart still has an upward bias and we’re trading above our moving averages. Technical indicators are still pointing upward and are not oversold. The chart and technicals tell us there could be additional upside potential but weather and the forecast will determine price direction in the days and weeks to come.