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central ontario | We are testing some support here at today's lows the 3.72 the July.
We are still above 4 other levels of support ,being above the 200 DMA is an important level as is the very nearby level of 3.744 which is a down trend line going back to the Feb high,breaking below this a bit means nothing technically as long as we hold some of these levels like the 3.68 level.
July 18 is still holding above a down trend line from 6 weeks ago, technically these are positive signals when prices break higher,do we stall out at the double top could be.
NOAA 14 day forecast should be longer term supportive for premiums to still come back into grains. | |
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Corn is trading like we are back planting
