October 25, 2014

Corn Commentary

Posted 10/24/14

Profit taking Friday was seen today right on cue. December corn fell close to yesterday’s low which is first chart support and that is where light buying was seen. While a further pullback could be seen, bears should remain cautious looking for too much. Given that the last 3 weeks have seen solid sales there is good reason to believe that next week trade will expect big sales. If that is true…

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    Allendale Advisory Contributor:

    Ryan Ettner

    Ryan Ettner

    Ryan started with Allendale in 2009 after working on the grains floor at the CME for several years. He also works on his family’s farm in northern Illinois.

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