Grains Find Technical Relief

Corn (December)

Click here to get our daily reports emailed to you! Fundamentals: December corn futures were able to recover from weakness in yesterday’s early morning trade, helping support prices in the overnight/early morning session. Yesterday’s Crop Progress report showed that 37% of the crop is mature, harvest in the U.S. is 4% complete. As mentioned in yesterday’s report, with the USDA report behind us and weather being a diminishing factor, attention will weigh heavy on money flow and technicals.