Corn prices have not made new highs for a couple of days and even though today was sharply lower prices appear to be consolidating at least for the moment near the upper end of the range.

It does make the charts look a little bit toppy and enough to turn the technical indicators down as well.

Current overhead resistance on the July corn chart is at this week’s high at 8.14, that’s about 20 cents above todays close with chart support down in the 7.60-7.70 range.