Buy the December corn at 6.00 or better with a 583 stop.
December corn retreated overnight to major moving average support and held the Sunday night gap. What has been consistent as of late, is markets rise at night and get sold during the day, or decline at night and get bought during the day session. The evening session closed at 598.
Large swaths of the corn belt remain dry with heat persisting into next week, crop ratings for corn will decline next week. Plus there's also the prospect the USDA will release a friendly crop report on Thursday, which could have corn back to recent highs.