Grain Notes

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Corn Technicals

CZ is filling the gap left on 8/23 – 8/26 between 474 ½-479, as the market looks to have rejected the 508 ¼ high made this week. The gap in SX between 1331 ¼ - 1348 from the same timeframe remains, even though the market has fallen off the test of the contract high of 1409 ¾. Even though technically the markets, especially corn, have a negative slant, it looks like we will have to wait until Monday night when we see the market's reaction to the weekend/next week's weather to see if these highs will serve as solid resistance or will be taken out.

TONY DANIELAK

Vice President

Grain Notes

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