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Corn prices have surged past the $394 level, closing above it and initiating a bullish correction trend. This movement suggests the potential to reach the $405.20 target in the near term. Today, a bullish outlook is anticipated, though the market may experience some temporary sideways movement due to stochastic negativity. A drop below $393.70 could halt the anticipated rise and lead prices to test the $387.30 area.
The expected trading range for today is between $392.00 support and $404.00 resistance.
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