Corn futures prices for July climbed to $5

Corn futures prices for July climbed to $5.07 amid stronger-than-expected weekly export sales. Analysts see technical resistance near $5.10, which if breached could trigger algorithmic buy programs. Sugar Prices Settle Higher as Dollar Weakness Spurs Short-Covering 5-day outlook: The cotton futures market saw short covering today but a price downtrend remains in place on the daily bar chart, to suggest the speculative bears will continue to press the short side early next week. A lack of USDA data or U.S. economic data due to the government shutdown may keep the cotton futures market constrained until the government reopens. The government closure and uncertainty of the matter favors the cotton futures market bears. The latest corn futures prices saw steady movement, with December 2024 trading near $5.12 as hedge funds increased long positions. Technical momentum remains positive, with RSI levels just shy of being overbought, indicating room for a continued rally.