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Tech Guy Corn Comments 2/10/26

There was little reaction to the USDA report. The highlights of the trading day are that corn could not test the lower uptrend line, or test yesterday's low. This price action leads us to believe that corn will continue trading in the up channel.


First support is 435.5 in the May contract. Next support is 431.5, but the lower one is not expected. The next target higher is 444 to 447.


Please study the corn continuation chart. It is the front month (March) until after options expire, then it will become May.



Hogs:

Most domesticated animals, if turned loose with no caretaker, will die after a few years of hard living. However, a domesticated hog will adapt to a free and wildlife-style faster than another species. In fact, within six months on her own, that sweet gilt your kids showed at the fair will look just like all the other feral hogs born in the wild!


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