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Northwest Iowa | I'm not sure I see that on the Dec chart. I'd say it looks like it will another swipe lower. It is already oversold. I use stochastics as a gauge for that. Structure looks like a move to 4.23. Next week will have First Notice Day for the July contract. That many times marks a low of some type. Then the long weekend coming when traders prefer to go home to relax with minimal positions on. Oh-- and it should be the end of the quarter when funds square up their positions for their quarterly reports. The monthly and weekly charts are just building a base for now. | |
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Dec corn
