2
Corn prices have successfully breached the $412.00 level and are currently holding below this threshold, reinforcing expectations of a sustained bearish trend in the short term. The next target for prices is projected at $405.20.
Market analysts continue to forecast a downward trajectory in the near future. However, should prices rise above $416.30, it could halt the anticipated decline and lead to a bullish correction, with the next target potentially reaching $425.30.
Today, the expected trading range for corn is between a support level of $405.00 and a resistance level of $415.00.
Related topic:
What Is The Symbol For Corn Futures?