What could help corn find support? Here’s what our team will be watching for:
Keep an eye on the 50-day moving average for the December CBOT and KC wheat futures ($4.55 for both). If the bulls can surpass that resistance, then we could see momentum traders jump in on the long side. Any positive move in wheat should help corn find support.
Get our daily in-depth analysis delivered directly to your inbox by 5:30AM CST each morning, along with other services created specifically for farmers, when you become a Kluis client. Try our 30-day free trial to test it out! Looking for a winter marketing class? Our Lafayette Trading academy starts January 13th, 2018 and runs through February 24, 2018! Check out more information at LTAclass.com!