Tidbits
March corn settled a quarter cents higher yesterday, but higher none-the-less for the sixth consecutive day.
More importantly, March corn settled above the 200 day moving average price two consecutive days, confirming a technical breakout to the upside.
The dry weather forecast for Argentina and Southern Brazil is the leading fundamental factor, but bullish technical signals are here to stay for a while as well. The weekly export sales had corn sales above the high end of the range of estimates and that was quite supportive yesterday.