Corn prices are in an uptrend on the short-term chart, the technical indicators have turned up as well.

Today was somewhat of a disappointing close, closing somewhat lower but overall, an inside day with not taking out yesterday’s low or high.

We currently have overhead resistance at 7.55, we closed at 7.47 so overhead resistance is 8 cents above with chart support coming in at the 10- and 20-day moving average around the upper 7.20’s.

We wouldn’t be surprised to see prices remain in this area as we head towards USDA crop report on Friday.