Corn prices broke out above the previous highs, and we posted a new high for the move at 7.53 in July corn.

That keeps the overall long term, intermediate term trend up and also now has turned the short-term trend up as well.

Unfortunately for the close, we closed at $7.33, that’s 20 cents off the highs, but still sharply higher on the day.

Even though we didn’t close at the highs it was still a good day, enough to turn the technical indicators back to the upside.

Both the chart and technical look pretty good following today’s big move to the upside.