After rallying for a fourth session, July Corn futures near the key $6 level. Oliver Sloup examines.
In the back half of last week, we talked about the bulk of the bad news being out in front of the market coupled with potential forced liquidation adding more pressure than there otherwise would have been. For the week, July corn was 49 1/2 cents higher with the new crop December contract up 34 3/4 cents on the week. Below is a look at July corn, which kissed the 50-day moving average in today's trade. We will be sending out a special technical report over the long weekend, so if you're not set up to receive our daily technical and fundamental commentary be sure to hit the subscribe button on the bottom of this page!
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