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Corn prices experienced significant declines yesterday, driven by the completion of a bearish flag pattern that successfully reached the anticipated target of $394.00. Analysts foresee further downward pressure, with new targets potentially reaching as low as $380.00.
The outlook remains bearish for the near future, contingent upon prices maintaining below the critical level of $408.10.
Expected Trading Range
Traders should anticipate a trading range between support at $380.00 and resistance at $402.00.
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