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Veteran Contributor

Dec corn

Just looking at the swing numbers. 517-435=353

Gap at 497.25 and 414.50=331

Res at 410 (last yr low)  3 month avg off the monthly chart 422 (which is also unchange for the year)

Many farmers not hedged or just a percentage waiting for the bounce.

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3 Replies
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Advisor

Re: Dec corn

How are you calculating the swing number scott
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Veteran Contributor

Re: Dec corn

We had a Jan low 435 and rally to 517=82 cents/435-82 cents =353

Gaps 497.25 and 414.40=82.75 cents/414.50-82.75 cents=331.75

Of course thats keeping the 414.50 gap open and not fill it

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Advisor

Re: Dec corn

I found an easy pivot display on the cme charts and it comes to 3.38.  Thanks scott.

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