Daily Grain Market Update

Watch us on RFD-TV, today at 9:45 am CT! Corn (December)

Fundamentals: Corn futures are little changed to start the week as developments over the weekend did little to aide the convictions of the Bulls and Bears. Crop progress will be released after the close, today. Expectations are for good/excellent ratings to come in near 73%, up 1% from last week and 6% above the 5-year average. Friday’s Commitment of Traders report showed funds holding a net short position of 143,280 contracts.

Technicals: Corn futures finished last week’s trade in negative territory. for the fourth consecutive week. The RSI (relative strength index) comes in at 40.14, today. This is not yet oversold, though broad