Grain Express 6/5/2023
Posted: June 5, 2023, 7:33 a.m.
Corn |
Technicals (July)
- July corn futures have traded on both sides of unchanged to start the new week of trade. We have defined 606-608 as resistance in previous reports, with prices no fluttering around there, it will now act as a pivot pocket. The market tested our first minor resistance pocket this morning near 615 3/4 but fell flat. If the Bulls can achieve a close above this pocket, we could see an extension towards the 100-day moving average and trendline resistance.
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Soybeans
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Wheat |
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