By IFCMarkets
Possible cold spell bullish for corn price
US Northern Plains, Great Lakes, Ohio Valley and the Northeast are expected to be dominated by cold air front today as a high-pressure system moves away, according to a US Farm Report. And the northern Corn Belt area could see even colder air at the end of the week. The cold front could pose a risk to newly planted corn fields. A possible freeze/frost damage to planted crops is bullish for corn price.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Buy | |
| MACD | Buy | |
| Donchian Channel | Neutral | |
| MA(100) | Sell | |
| Fractals | Neutral | |
| Parabolic SAR | Sell |
| Order | Buy |
| Buy stop | Above 321.7 |
| Stop loss | Below 308.9 |
Market Analysis provided by IFCMarkets