Technical

Market broke lower, breaking longer term support levels at 1920 testing lows a new at 1880, then bouncing higher to close at 1898.

Below is a daily chart, for the DEC16WMAZ contract, showing a head-and-shoulders formation. In light of the limit-up close yesterday as well as the Rand which … Read More

November WASDE report, released yesterday afternoon, showed the following: U.S. corn production forecast came in at a record 15.23bil bu vs expected 15.04bil bu whilst the … Read More

Chicago corn prices breakout? Not yet…Below is a 4hr chart portraying the trade action for the DEC16CORN contract (ZCZ2016) traded in Chicago. The contracts price tested … Read More

Below is a daily chart of the DEC16WMAZ contract showing the breakout from the downward trend, gap closed which was previous left at R3770 and possibly … Read More

Friday’s trade action saw December and March white maize prices rally limits higher for a second consecutive day on the back of talk that white ships … Read More

Chicago corn prices drifted higher over the course of Friday’s session as U.S. corn export sales remain strong this quarter.  Corn exported for the latest week … Read More

Below is a daily candle stick chart portraying the trade action for the DEC16WMAZ contract over the past couple of months. Trade slipped hard during the … Read More

This is what we saw in the October WASDE report: U.S. corn production came in-line with expectations at 15.06bil bu vs exp 15.06bil bu and vs … Read More

South African white maize prices continue to slide.  Below is a daily chart showing the DEC16WMAZ price just continuing to scrape on the bottom of the … Read More