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 resistance at $3.57 for a 3rd time over the past 2 weeks and has been unsuccessful thus far to stay above this level. A record crop expected and the recent strong Dollar has continued to add downward pressure. Resistance will remain in tack with further resistance at $3.67 whilst support is seen at $3.46 and $3.41