AgResource Corn Comment and Analysis
CBOT Corn Tests Chart Resistance on Positive Macro Landscape, Eroding Yield Potential: CBOT corn futures ended 4-5 cents higher with Dec testing last week’s high at $3.46. A close above this will engender additional speculative short covering with next chart-based resistance pegged at $3.63-3.65. Market action Tuesday AM will be important for the bulls. A…