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 came in-line with expectation at 873,000t vs exp between 800kt-1milt. Corn bookings this time of the year are running nearly double of what bookings were for the same time last year according to Graintv. Dec16Corn prices (ZCZ2016) traded in Chicago tested and finished near resistance at $3.58 as shown in the 15min chart below. Further resistance would be around $3.63 whilst support is seen at $3.53 and $3.47
Chicago corn prices drifted higher
on 12 November , 2016
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