Daily and weekly corn price momentum indicators are over bought and are warning of a price correction, says David Reinbott, agriculture business specialist with the University of Missouri Extension.

“I would not be surprised to see a 40 cent price break at any time. With the prices being offered at this time, it may not be a bad idea to make some sales,” he says.

Reinbott takes a look at corn, soybeans, wheat, cotton and rice in his latest Grain Marketing Commentary.