Yesterday, corn prices experienced a significant downward movement, plummeting to an anticipated low of $422.00. Analysts predict this bearish trend may persist, aiming for further declines towards the previous low of $408.10.
Market experts suggest that unless the price breaches $433.50, the downward trajectory is likely to continue. In such a scenario, there could be attempts at recovery in both intraday and short-term trading.
Expected Trading Range
Traders are advised to watch the support level at $410.00 and resistance at $430.00 closely as the market navigates these price points in the coming sessions.
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