The cmdty National Corn Price Index (NCPI, weighted national average cash price) remains in a major (long-term) downtrend on its monthly chart. This dates back to the bearish spike reversal posted last May, that included a high of $7.4931. What’s interesting about the NCPI is that it has extended this secondary (intermediate-term) rally for 4 months, defying the Benjamin Franklin Fish Similarity (like guests and fish, markets start to stink after three days/weeks/months of moving against the prevailing trend). However, the NCPI’s weekly chart shows the secondary trend could be nearing a top as it tests the upside target area of $6.1772 to $6.4878. The NCPI ended January calculated at $6.1201. The market remains fundamentally bullish, a factor that could continue to provide support.