Our last look at corn earlier this month preceeded an important agricultural report by about a week or so.
Corn News & Articles
Ever since making this season’s high of $417.25 back in early July, corn futures have done almost nothing but fall continuously to the $344.25 low made in late August.
The December contract for corn futures represents this year’s harvest delivery. Last August, the 2017 December contract hit a low of 358.50, or $3.58 ½ per bushel of corn.
In prior articles, we noted how the $400.00, or $4.00 per bushel, level in the harvest contract (December) for corn futures was pivotal; and it appears that this market is still pivoting at this ps
The $400.00 area of the chart, or $4.00 when quoted per bushel, is a big round psychological number in this market that has been relevant over the last couple of years, leading to it becoming a key