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Mark Soderberg at ADM Investor Services said, “Prices were $.01 higher for the day and nearly $.10 higher for the week as corn carved out a 4th consecutive higher close. Spreads turned lower following overnight strength that saw Dec-25/Mch-26 trade to a 6-month high at $.13 ¼. Next resistance for Dec-25 is the October high at $4.31 ¼.” Amanda Brill at Total Farm Marketing said, “With harvest pushing the 50% level nationally, the lack of producers selling has helped support the market. Corn spreads between the front of the market versus deferred futures have been tightening as end users are trying to encourage movement of corn.”
