July corn futures a buying opportunity on more price strength.
See on the daily bar chart for July corn futures that prices are in a solid uptrend and the bulls have the firm near-term technical advantage. The “weather market” season in the grains is already under way. A move above chart resistance at $5.20 in July corn would become a buying opportunity. The upside price objective would be $5.60 or above. Technical support, for which to place a protective sell stop just below, is located at $5.00. Remember that the “mini” grain futures contracts are a liquid and viable method to trade the grain markets.
