Corn Futures

Traders are awaiting this Thursday's USDA crop report which will definitely send higher volatility into this market as estimates of this year's planted acres are around 90.6 million which is pretty much the same as in 2017 as prices are now trading below their 20 day but still above their 100 day moving average which tells you that the trend is mixed.

TREND: –MIXED

CHART STRUCTURE: POOR

VOLATILITY—INCREASING