Chicago Board of Trade (CBOT) corn futures reached a 16-month high above $5 a bushel on Tuesday on robust US export demand ...
Support is at $5.50-3/4, a break below which could cause a fall into $5.40-1/4 to $5.43-1/4 range. On the daily chart, the contract is rising towards a zone of $5.60 to $5.73-1/4.
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On the daily chart, the consolidation is taking the shape of a wedge, the lower trendline suggests a target around $6.26-3/4.
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Do Grains and Oilseed Futures Offer Value for 2025?In late December, the active month CBOT soybean and wheat prices were lower ... While the long-term chart remains in a bearish trend, the daily chart of corn for March 2025 delivery has made ...
Funds bought corn” is perhaps becoming a broken record for U.S. grain markets, though there are signs that the streak could ...
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Most-active CBOT corn futures on February 5 reached their highest price since October 2023, though they declined 1.4% in the last three sessions. U.S. corn export demand has not yet shown signs of ...
In the week ended Jan. 28, money managers increased their net long position in CBOT ... corn bets in the near term. Corn and wheat’s sometimes interchangeable use means that their prices can ...
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