Corn - Ear of corn - by Couleur via Pixabay

Corn Sellers are Winning... For Now

Trent Klarenbach Klarenbach Research Fri Apr 19, 12:02PM CDT
Corn - Ear of corn - by Couleur via Pixabay

Corn is back above the 50- Day Moving Average, a positive.

However, Corn remains below the blue Anchored Volume-Weighted Average price from the Feb 29 contract flip.

So, we remain cautiously optimistic (Whatever the heck that means) until we get a Daily close above 434.

Or a new closing low below 626.

Until then, we sit and wait.


Like Canadians.

Which I am one.

 

Trent Klarenbach, BSA AgEc, publishes the Klarenbach Grain Report and the Klarenbach Special Crops Report.

                                                                                                                                                                                                                                                                                                                                                                                                                                 

Klarenbach Research

                                                                                                                                                                                                                                                                                                                                                                                                                                                                    

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On the date of publication, Trent Klarenbach did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.