Corn didn’t set a new high for this move, but we did have a new high close for this move. This would have been the highest move we’ve had on the July 2022 corn contract.
A few areas where we have support are the 10-day moving average in green at 7.12 just below where the lowest market was for today and then right below that is an uptrend line at 7.05 area.
Todays close was a good close to see in the corn market.