Here’s an update on what our team will be watching for in the days to come:
I am watching the corn continuation chart, especially the March-to-May spread in the corn market. The May contract becomes the nearby contract on Wednesday. It appears the chart will show a 6 to 7 cent gap. The bottom of that gap should provide good support. Resistance is at $3.94 ½ the 2017 high on the continuation chart. A close later this week above $3.94 ½ will be a positive signal for corn prices.
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