Cbot corn futures market participants are closely

Market participants are closely watching export sales data due tomorrow, which could push prices toward the psychological $5.00 level if demand surprises on the upside. Delong Co. is a leader in container exports and offers a comprehensive grain and food grade program. The company buys, stores and sells corn, soybeans and wheat from local farmers, shipping these grains to domestic and international markets. The USDA World Agricultural Supply and Demand Estimate (WASDE) report offers a monthly comprehensive forecast that often shifts the corn market in an unexpected direction. Technical analysts cited the 50-day moving average at $4.81 as a key pivot point for CBOT corn futures. A sustained close above this level could trigger algorithmic buying, while a break below $4.75 might invite short sellers aiming for near-term weakness in grain markets.