May 24, 2019
 
Caledonia Feed & SupplyCaledonia Feed MillCaledonia AgronomyLake Odessa Feed & GrainLake Odessa Agronomy
146 E. Main Street
Caledonia, MI 49316
Lake and Kinsey Street
Caledonia, MI 49316
290 South Street
Caledonia, MI 49316
1018 3rd Avenue
Lake Odessa, MI 48849
9260 Eaton Hwy
Lake Odessa, MI 48849
Store Line  616-891-4150 
Office Line 616-891-8108
Phone: 616-891-8108Phone: 616-891-1033Phone: 616-374-8061
Phone: 616-374-7329

 
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DTN Closing Grain Comments    05/23 13:56
   Corn Hits Major Resistance, Plunges on Farm Aid Uncertainty

   Despite some recent technical indications that the corn rally may have gone
far enough for the short term, futures were able to shrug off overnight
weakness and climb higher on Thursday -- until midday. News that the Trump
administration was unveiling a $16 billion new farm aid package and the
resulting confusion sent corn prices reeling, with soybeans and wheat pressured
as well. The second attempt of July corn to breach weekly trend-line resistance
sets up a possible double top at $3.99.
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