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Corn prices are currently testing a critical support level at $425.30, with the market needing to hold above this threshold to maintain the bullish trend in the near term. The next target for corn is seen at $434.30 if the price remains above the support.
For now, the outlook remains positive on an intraday basis, as long as the price stays above $425.30. A break below this support could lead to a downward correction, with potential targets starting at $416.30.
The expected trading range for today is between a support level of $420.00 and resistance at $434.00.
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