March corn for the week in a 9 cent trading range and the week before 10 cent. Seems the corn bull does need to be led to more feed.
So far the Feb. High and Low the 50% retracements are, ch 379.50 cn 387.75 cz 410.25. What ever that range ends up for the month imho we will retrace to 50% levels.
Ins. avg for new crop is corn 415.75 and soybeans 966.50 with 5 trading days to go. Ins. price the corn/bean ratio is 2.32 and the flat price ratio is 2.35