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IL | Do we retest the $6.86 resistance again this week or trade sideways? I'm looking fir commercials and funds to be building positions before Friday in anticipation of the end of the Chinese Holliday into the weekend. If we close above $6.86 before Friday I'm not sure if it will be short lived or if we head higher. I believe this is our third try at the resistance so if it fails I'm selling more old crop in anticipation of heading lower. Just some thoughts on this week's corn market. | |
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Corn resistance
