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Mark Soderberg at ADM Investor Services said, “Prices were $.02-$.03 lower closing near the midpoint of the sessions range. Spreads were mixed. May-26 dipped to a 6 week low before recovering. Next support for Dec-26 is the 100 day MA at $4.67 ¾.” Brandon Doherty at Total Farm Marketing said, “July corn is now trading 36 cents below the March 9 high of 487 ½. Charts look technically weak with the July contract recently pushing through support levels and closing Friday below the 200-day moving average. This is the lowest closing in July corn since February 26.”





