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Corn prices have continued to fall, now pressing against the $387.30 mark. This trend suggests the possibility of resuming a main bearish trajectory. Should prices fall below this level, they could reach initial negative targets of $380.00, potentially extending to $365.00.
In the near term, a bearish outlook is anticipated. However, if prices rise above $395.80, a bullish correction could occur, with an initial target of $405.20.
Today’s expected trading range is between $375.00, which acts as support, and $395.00, serving as resistance.
Related topic:
What Is The Symbol For Corn Futures?