Corn Price Analysis: Bearish Trend Continues

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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