December corn (ZCZ26) futures present a selling opportunity on more price weakness.
See on the daily bar chart for December corn futures that prices are trending down and last week hit a two-month low. Another bear flag or bearish pennant pattern may now be forming on the daily charts. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bearish posture as the blue MACD line is below the red trigger line and both lines are trending down. The corn bears have the near-term technical advantage.