CBOT corn neutral between $6.38-1/2 and $6.65-1/2

SINGAPORE: The rise during the previous trading session has temporarily violated the development of a short-term downtrend for CBOT December corn that started at the Oct. 21 high of $6.65-1/2, leaving the signals neutral.

Before the contract climbs above $6.65-1/2 it may fall back to $6.33, as the rebound from this Oct. 26 low seems to be a pullback towards an ascending trendline.

A fall below support at $6.38-1/2 will confirm the resumption of the downtrend.

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