New-crop corn for December has been sideways near $5/bushel for the last 5 weeks. But prior to that period, range-bound trading prices had appreciated 80 cents/ bushel during the 4 months leading up to this consolidation phase. I have been calling for a correction lower for several weeks now. The question is, will Friday's USDA report place the Bears in the driver's seat? see #'s below. 
Outlook
As of mid-day Friday, futures were lower by just better than a dime trading at the $5 level below both the 9-day and 20-day MAs. My first objective is a 38.2% Fibonacci retracement, which would drag this contact to $4.85. A forecast of record domestic production and
This table was put together by Doug Bergman - RCMs in house Ag specialist.