CU09 – September Corn (Last:3.26 1/2)

September Corn is trying to find a bottom with little success.  We are coming into the new-crop, old-crop scenario for the corn and wheat  spread.  For corn to have a chance to move higher it would have to take out $3.40 and then hold the low  on a retest.   A two-cent move higher from here could give a short kick but no home run.