Tidbits, Technical Situation for Corn 7/20/25
- Wright team
- Jul 20
- 5 min read
Market Comment
Let’s look at the technical situation for December corn.
Corn began a downtrend after the high was made on 19 February 2025. The high for December corn that day was $4.79¾ and it settled at $4.76½, down 1¢ on the day, which is technically bearish, meaning new high for the trend and then closing lower the same day is bearish. But hey, it was only 1¢ lower on the day. Remember this: One cent lower settlement after a new high for the up-trending market is significant.
The trading day (7 July) after the 4th of July weekend, December corn “gapped lower,” meaning the opening was lower than the previous day’s low. December corn settled 16¼¢ lower that day and then another 6½¢ lower the next day. Warm and wet weather in the Corn Belt during July will do that every year after a three-day weekend.
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