@NickValdez Curious what everyone thinks is more important the bullish divergence or finally breaking that descending trendline? I think the trendline is what flips sentiment.
December 2026 corn reached approximately $4.92 overnight, briefly clearing the resistance that had capped the rally, but reversed to around $4.83 before the morning pause. That roughly 9-cent rejection from the high turns the move into a failed breakout attempt rather than confirmation of a new leg higher.
Local cash basis, continually rising higher as as triple digit temperatures stress plants during key pollination, corn deficit counties could see major upside
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