Corn recently made closing week lows on the SEPT and DEC contracts.
The chart below is priced using the SEPT contract.
We see strength early in the week, bringing the price back above 400, suggesting a rally to our 425-430 target from a week ago.
Will this new low be an “oops” and the 425 target is reached?
Or will new lows lead to new lows at our 375 level?
Our Head & Shoulders Measured move remains at 300.
The question is IF and WHEN these price targets will be reached.
Our previous Corn Futures video can be found at this LINK.
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.