Corn prices made another new high up to $7.64 on the July chart closed at $7.60 so the long term, intermediate term, and short term charts all look good for corn.

We will note technical indicators are now well into the overbought range but there is no sign of topping action.

We do want to not based on the choppy action we’ve seen recently don’t be surprised to see a correction. We expect the overall trend is pointed higher.