CBOT corn eyes Sept 2 high of $5.49-3/4 on potential uptrend resumption
CBOT December corn may revisit its September 2 high of $5.49-3/4 per bushel, as the uptrend from $4.57-1/2 could have resumed. The resumption was confirmed by a bullish wedge and a strong surge on Monday. The nearest support is at $5.39-3/4, a break below which may trigger a fall into $5.33-3/4 to $5.37-1/4 range.