CORN is trying to establish a base for an upside counter-swing

Corn Futures (Dec 2023) (CBOT:ZCZ2023)

CBOT:ZCZ2023 Corn Futures (Dec 2023)

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After a long period of sideways trading within MJT and MNT lines , Corn is trying to establish a base for an upside counter-swing. A clear close above 508 will confirm it and clear the path for an extended rally. Today USDA will release the weekly export sales report which could be the catalyst that ignite this counter-swing.

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