MNI BRIEF: Japan Jan Tokyo CPI Rises 4.3%; Highest Since 1981

MNI BRIEF: Frugals Block EU Feb Summit Call For Joint Funding

MNI BRIEF: BOC Rate-Cut Talk Is Premature, Macklem Says

JAPAN JAN TOKYO CPI ENERGY COSTS +26.0% Y/Y; DEC +26.0%

MNI JAPAN JAN TOKYO CORE CPI +4.3% Y/Y; DEC REV +3.9%

MNI: FED BALANCE SHEET TOTAL ASSETS -$18B TO $8.471T

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
AUDNZD

Consolidating Gains Above 200-Day EMA

US TSYS

Marginally Cheaper

SGD

Neer Ticks Higher Post-CPI, Fresh Cycle Low For USD/SGD

MYR

Rally Continues, Within Sight Of 4.2000 Level

THB

Baht Outperformance Trend Stalls

BOJ

Correct: 3-Month Bill Auction Results

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

(Z2) Remains Vulnerable

CORN TECHS
Commodities TechEM BulletHomepagemarkets-real-timeCommoditiesEmerging Markets NewsBulletMarketsFixed Income NewsForeign Exchange News
  • RES 4: $700.00 - Round number resistance
  • RES 3: $766.25 - High May 16 and a key resistance
  • RES 2: $749.25 - High Jul 17 and a key resistance
  • RES 1: $706.50/718.00 - High Oct 10 / 76.4% May 16-Jul 22 bear leg
  • PRICE: $657.75 @ 13:44 GMT Nov 11
  • SUP 1: $652.75 - Low Nov 10
  • SUP 2: $631.25/604.00 - Low Aug 23 / Low Aug 18
  • SUP 3: $587.50/561.75 - Low Aug 3 / Low Jul 22 and key support
  • SUP 4: $549.00 - Low Jan 12

Corn futures continue to trade below the Oct 10 high of $706.50. The contract has traded lower this week. A key short-term support at $661.50, the Sep 28 low, has been breached. The clear break of this level undermines the recent bull theme and suggests scope for a deeper retracement. This has opened $631.25, the Aug 23 low. On the upside, key resistance and the bull trigger is at $706.50, the Oct 10 high.

158 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: $700.00 - Round number resistance
  • RES 3: $766.25 - High May 16 and a key resistance
  • RES 2: $749.25 - High Jul 17 and a key resistance
  • RES 1: $706.50/718.00 - High Oct 10 / 76.4% May 16-Jul 22 bear leg
  • PRICE: $657.75 @ 13:44 GMT Nov 11
  • SUP 1: $652.75 - Low Nov 10
  • SUP 2: $631.25/604.00 - Low Aug 23 / Low Aug 18
  • SUP 3: $587.50/561.75 - Low Aug 3 / Low Jul 22 and key support
  • SUP 4: $549.00 - Low Jan 12

Corn futures continue to trade below the Oct 10 high of $706.50. The contract has traded lower this week. A key short-term support at $661.50, the Sep 28 low, has been breached. The clear break of this level undermines the recent bull theme and suggests scope for a deeper retracement. This has opened $631.25, the Aug 23 low. On the upside, key resistance and the bull trigger is at $706.50, the Oct 10 high.