December corn futures present a buying opportunity as prices rebounded from the October low, closing at a three-week high. The moving average convergence divergence indicator is bullish. With the U.S. corn harvest halfway done, commercial hedge selling pressure will decrease, and export sales remain strong.

A move above resistance at $4.25 in December corn futures signals a buying opportunity with an upside target of $4.60. Technical support is at $4.10. It is important to note that futures trading is volatile and risky, and individuals should consider their financial resources and risk tolerance before investing.

Jim Wyckoff does not hold any positions in the securities mentioned. All information in this article is for informational purposes only. The article was originally published on Barchart.com.

Read more at Yahoo Finance: As the Harvest Reaches a Halfway Point, Corn Is Heading Into a ‘Buy’ Zone