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Northwest Iowa | Looking at the daily charts, I'm looking at July beans, had a nice reversal at the lows. Next objective for that contract is the apex of the triangle at roughly 10.20. From there- we'll see. The corn just really doesn't look bad at this point. Not far from recent highs which is resistance. Can it break through? Traders will sell against those highs with a close stop just above those highs. Broadly, the corn has been posting higher lows for quite a while. The other part missing, as of yet, is the higher highs. basically a trading range for the time being. | |
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Soybeans
