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Corn prices have recently surpassed the $395 mark and have settled above this level, indicating the beginning of a bullish trend on an intraday basis. This upward movement is projected to drive prices towards initial targets of $404, with potential extension to $415.
Today’s trading outlook is decidedly bullish. A breach of the $398 level is expected to facilitate the achievement of these targets. Conversely, if prices fall below $392.50, the anticipated rise may be halted, leading to a possible decline.
The expected trading range for today is between a support level of $390 and a resistance level of $405.
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