Grain Express | 12.10.2021

Corn (March)

Fundamentals: Yesterday’s USDA report lived up to the historical expectations of this report, a dud. There was not a lot of new news to give traders new conviction on the direction of the market. Prices have been quiet in the early morning trade, trading slightly lower but rallying back into positive territory after the CPI data (inflation data) came in higher than expected.

Technicals: Corn futures are working on another positive close, which would be the 7th in the last 8 sessions, putting prices back in our signifi