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Corn prices have struggled to sustain a position above the $416.30 mark, ultimately retreating below this level. This shift places the market under anticipated negative pressure in the coming sessions, with a primary target set at $405.20.
A break below $412.00 would facilitate movement toward this target. However, to maintain the current bearish trend, prices must remain below $416.30.
Today’s expected trading range is between a support level of $405.00 and a resistance level of $420.00.
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