Was A Double Bottom Created In Corn ?

01 Dec in Blog, commodity consulting, commodity trading, corn, futures, Mike Seery, oats, option trading, seeryfutures, soybean meal, soybean oil, soybeans, wheat

Corn Futures---Corn futures in the March contract are currently trading at 3.56 a bushel after settling last Friday in Chicago at 3.51 up about 5 cents possibly creating a double bottom around the 3.49 area on the daily chart. At the present time I'm not involved in corn and as I've talked about in many previous blogs I think the downside is limited especially due to strong ethanol demand at the present time helping support prices.

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