Near Term Trend: Neutral / Bearish
Fridays Close: 372 4/8 (+6 3/8)
UPDATE:
Corn futures delayed what I view as an inevitable drop to new short-term lows for another week.
I still believe corn is in the early stages of wave (iii) lower with a downside target of 350. Short any bounce to 373 6/8 with stops in place on a daily close above that level and buy down at the target.
Only buy down at 350 unless resistance is broken.