Corn prices are in an uptrend off the lows that were established back in July at 5.61.

Last week following USDA’s crop report we hit 6.99, basically hit the $7 level last week right at overhead resistance.

We have had a pullback to the short-term trend which has turned downwards.

Technical indicators turned downward as well over the last 3-4 trading sessions.

Today was a mixed today closing a fraction higher, chart support is in the 6.60-6.65 range with overhead resistance at $7.