Near Term Trend: Negative
Fridayâ€™s Close: 375â€™0 (+ 1 1/4 cent)
UPDATE: Uncanny how the high in July 2016 and the high in February 2017 is 396â€™0 (perfect double top).
As we stated for the last four weeks, that is currently the line in the sand between a significant retrace and a major upside breakout which could define a bullish 2017.
Thus far Corn remains weak after crashing from that resistance point.