Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Jim Wyckoff

Corn Prices Face a Bearish Storm of Fundamentals and Are Likely Headed Lower

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.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.