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Corn prices have resumed their upward trajectory, reaching the initial target of $397.50. Technical indicators show positive momentum, with the stochastic oscillator suggesting further gains. The price is anticipated to aim for a next target of $405.20 in the coming sessions.
The bullish trend is expected to persist unless the price falls below $387.30, which would signal a shift back to a bearish outlook.
For today, the anticipated trading range is between a support level of $390.00 and a resistance level of $405.00.
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Who Initiates Delivery In A Corn Futures Contract?