date:Dec 25, 2012
ical are concerned, we were watching the $7.20 area on March corn daily chart the last couple of sessions. This has been a key support area for the market over the last couple of months. The market retested it today and actually traded lower for quite a while ultimately ending a little above this support area. The next area of support we are looking at for in corn is $7.00, but then it gets pretty open below that level.
Soybeans made an attempt to get back over the 50 day moving average, only