Corn prices continue to consolidate, almost for a week now, near the lower end of the range.

One item that is interesting is that the prices coming into the report near the low, that means a lot of people have already been aggressively selling.

This could mean it is a little more difficult getting a bearish reaction to the report when many traders have already been selling.

Corn prices remained stuck near chart support; technical indicators are oversold but as of today we see no significant break out to the upside.