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Yesterday, corn prices tested the $405.20 mark but consolidated above it, sustaining the bullish trend. To achieve the anticipated target of $416.30, the market needs additional positive impetus. Maintaining a price above $405.20 is crucial for the continuation of the upward movement; a drop below this level could revert the trend to bearish.
Today’s expected trading range is between $405.00 and $416.00.
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