The corn futures market last Friday produced a bullish weekly high close, which is one early chart signal that a market bottom is finally in place. However, make no mistake: The corn market bulls have much heavy lifting to to in the near term to suggest a significant price uptrend can be sustained. More likely in the coming weeks is a choppy and sideways trading affair, with minimal price gains. Still, the bulls can argue such price action is base-building for a rally that is not too far off in the distance. Stay tuned!–Jim
