Corn Overbought? - AG INFORMATION NETWORK OF THE WEST
Corn Overbought? This is Matt Rice with today’s Market Line Report for Monday. Technical indicators showing Corn could be on the verge of a break off as prices soared throughout the week. Here’s Terry Roggensack with the CME Group to share more. Chicago Soft Red Winter Wheat prices for July closed the day up 1 ¾, to finish at 712 ¼. July Corn was up 1, to close at 632 ½. Kansas City Hard Red Winter Wheat prices for July were up 5 ¾, to settle at 680 ½. Portland prices for Ordinary Club Wheat were Unch, ranging from 6-70 to 7-05. Soft white wheat of Ordinary Protein for Ju...