Corn prices exploded to new highs, we didn’t close exceptionally strong, but still up on the day.

A new high established for this move and last week’s low at 5.76 did not take out the low from the previous week at 5.66.

Overall, this shows the short-term trend for corn is up and the technical is pointed up as well.

The intermediate term trend is still down, this means we could see some overhead resistance in the 5.50-5.60 range.