March corn finally closed above $5 and made new highs for the move and Duling says the next area of resistance on the charts is the May high of $5.08 and after that the next target is $5.15-$5.20.
Kent Beadle, Paradigm Futures, says grains faded early strength as corn finally gets above $5 on the March or front month contract and sees farmer selling and profit taking.
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