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TFC Commodity Trading Forum

Re: Watching Corn/Randolf/Trades *PIC*

Yeah, I wouldn't either. It's going to print a swing low sometime soon. Price is heading for the 50% retracement price at 678 and time is approaching the 240 degree harmonic on Jan. 9th as measured from the May 11th low at 511. Corn stocks have to be getting dangerously low with last years drought induced crop failure, so I can't see corn going too much lower. Should rebound at any time now.