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Wanting like a breakout on $CORN, ideas? : Commodities

December 24, 2022
in Commodities
Reading Time: 1 min read
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I want SOYB, appears like if it breaks 1485/1490$ the subsequent resistance 1575+, whereas CORN want to interrupt 670$, 680$ 685$ after which it might pop to 700$ however that’s 5% with three resistance stops vs 7% and we’re at that 6 month resistance now. For CORN the Quick place is 3.4BB/44BB (7.7%) annual manufacturing; for SOYB the quick place is 1.8BB/4.4BB (40.1%) of annual manufacturing, that’s sizeable quick place. You possibly can’t print soybean of corn. https://www.cftc.gov/dea/futures/ag_lf.htm

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