Corn prices continue to be stuck in a sideways choppy range, this week we did work our way towards the upper end of that range.

But we still have been unable to break out of the range and we think anything within this established area is fair game going into next week’s perspective planning and quarterly grain stocks report.

It is also worth noting there has been no clear direction in the technical indicator for nearly a month. They’ve been chopping back and forth unable to get extremely overbought or extremely over sold as market prices are mostly chopping back and forth.