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Have Corn Prices Bottomed ?

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Corn Futures---Corn futures in the December contract settled last Friday in Chicago at 3.55 a bushel while currently trading at 3.72 up for the 2nd consecutive session acting positively off of yesterday's crop report which showed production numbers at 13.799 billion bushels as that was lowered by 102 million as prices are right near 2 week high.

If you take a look at the daily chart there's a price gap that was created on August 13th between 3.88 / 3.92 as that could be the next level that will be tested as I'm currently sitting on the sidelines as I do not have any grain recommendations at the present time.

Corn prices are now trading above their 20 day but still below their 100 day moving average as the trend is mixed, however the chart structure is starting to improve as we could be involved in a possible bullish position in the coming weeks ahead.

Weather forecasts released yesterday stated that there could be a possible frost in the Midwestern part of the United States on September 23rd as that sent soybean prices sharply higher & if that situation does occur corn prices would spike higher due to the fact that the crop is behind schedule so be patient and sit on the sidelines.




If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit




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About the author

Michael is the sole owner of SEERYFUTURES.COM which is a commodity futures and options consulting, advisory, and educational firm.

Michael frequently appears on multiple business networks including Bloomberg News, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He also writes market commentary for several commodity websites and is interviewed for commodity comments by the Wall Street Journal. He is also a guest on First Business, which is a national and internationally syndicated business show.
Michael started his career in 1990 at the Chicago Board of Trade as a runner. He soon worked his way up to becoming a Series 3 broker. He works with seasoned traders as well as novice beginners educating them on trading the futures markets as well as using simple and complex option strategies. Michael covers all markets including grains, metals, energies, and all other futures markets that are traded.
To Michael the biggest lesson any trader needs to learn is risk management. Michael believes this is the most important factor in trading. He also works with traders to help them determine the proper risk for their trading style. Michael has spent a lot of time educating his clients to help them understand trading strategies and trading techniques while enjoying spending quality time with customers going over the markets or just talking general trading philosophies.

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