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Technical analysis notes March corn and soybean futures approaching chart resistance at $6 and $13. March corn traded at its highest level since the Aug.
12 WASDE high, and January soybeans traded above November highs on a spot basis.
Concern over South American weather and aggressive buying on dips support corn and soybean prices. A breakout above resistance could draw more buying and lift feed costs.
farmprogress.comBrian SplittDec 17, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
