Corn (ZC) Testing 38.2% Fib Retrace of May-Jul Slide

Corn (ZC) is consolidating Friday’s surge post-WASDE, catching its breath before trying to challenge the July high. With ZC unable to slide back to the psychologically key 600 whole figure level immediately following Friday’s WASDE, ZC is making progress with its higher major low that began in July, coinciding with the 50% Fib retrace of the April 2020 to April 2022 bull market (as can be seen on tradingview.com)…