Corn prices have found some bottoming action over the last 2.5 days.

Today was a big up day in the corn market and today’s high at 7.80 is 25 cents off the low that was posted on Wednesday morning.

The upturn and the short-term trend chart also allowing the technical to turn up as well.

Corn today came right up to where all the major moving averages converge and if we break through that then overhead resistance comes in at the 7.90 level.