Corn Futures (Dec 2016)
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CBoT corn long

78
Corn:
Price made indeed one more move down to the 325/330 zone from where it recovered last Friday with a 2% impulsive move to the upside. Nothing has changed in our outlook for this price. We keep our bias unchanged that a bottom is in the market and that price will trade up from here with 375 as first target. A break of the previous low on August 31 would negate our bias and would force us to go back to the drawing board.

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