Corn Hits New Multiyear Low

Back in January this year, Corn futures had reached as low as 408 (see Weekly Corn futures chart below).   Today, September Corn futures hit as low as 397.50, making it a new low (the last time prices dipped below 400 was in 2010).

We are going to be watching for a 123 bottom formation before going long the Corn market.  Stay tuned!

Weekly Corn