There's some upward potential in the coming months for corn and wheat prices.
Marty Hibbs of the Grain Farmers of Ontario notes corn made it's way back up to $3.60 and $3.65 resistance levels during the holiday-shortened week.
He says corn looks like it's ready to try and close above those levels, and if that's the case, producers could see a 15 to 20 cent rally.
Support currently remains at $3.35 with overhead resistance set at $3.65.
The analyst adds wheat prices on March's contract were productive this week.
Prices have been pushing $4.20 resistance levels.
Hibbs feels a close above $4.25 needs to happen before producers should get excited.
He says the $4 support level is now solid and a move higher is likely for the spring.
Soybean prices continue to hang around the $10 support level.
Hibbs points out the soybean market is not as bullish as corn's, and overhead resistance remains between $10.30 and $10.60 on the March contract.
