How Much Higher Can Corn Prices Move Here?

May corn (ZCK26) futures present a buying opportunity on more price strength. See on the daily bar chart for May corn futures that prices are trending higher. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bullish posture as the blue MACD line is above the red trigger line and both lines are trending up. Bulls have the near-term technical advantage. More News from Barchart Fundamentally, the global supply and demand balance sheet for corn is ...