March Corn Chart

Corn prices were higher overnight making a new high for the move at 8.14 but we did turn around and close lower.

So, a bit of a reversal day to the downside and a little bit disappointing for the bullish news. The chart is still pointed upward just had a disappointing close with technical indicators well overbought.

If we did see a further correction, support would come in at the 7.50-7.75 range.