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Corn prices fell sharply, breaking the $392.50 mark and settling below it. This movement halts the previously anticipated bullish trend, suggesting a return to the main bearish trend. The price could potentially decline to targets starting at $380.00 and extending to $362.00.
Further decline is expected in the coming sessions unless prices rally to break and sustain above $399.40.
Today’s trading range is projected between $375.00 support and $395.00 resistance.
Related topic:
Who Initiates Delivery In A Corn Futures Contract?