Corn Futures (Jul 2016)

Corn CBoT further developing as anticipated

79
Corn:
Price traded further up and reached our first target which is not a reason for us to square the position but rather to trail our intra-day stop up to a level where we optimize the profitability of the position just in case that the picture radically reverses. We would like to see a bit more impulse of the move up during the coming week in which case we will probably move our target 2 up a bit as well. For now we are comfortable as we are and we see no reason to start fumbling this chart.

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