July Corn Chart

Corn prices rebounded nicely, we made a high last week at 8.14, that’s overhead resistance.

We set new lows both Friday and early yesterday down around the 7.80 level, that 34 cent trading range has been in place for a week now.

Bullish news could push us to a new high while bearish news could push this market down into the 7.70-7.75 range.

Technical indicators had turned down significantly based on prices Friday into early yesterday but today strength and stronger close are trying to turn technical back up again.