Corn prices gapped higher last night on crop conditions falling by 3% points and then the market closed near the daily highs just above $6.

We are up about 40 cents from where we were at Friday afternoon.

The chart looks good turning higher, technical indicators look good as well, we’ve broken through the 10-day moving average, and now we are challenging the 20-day moving average.

Bottom line is chart and technical look quite good for corn following today’s strong performance.