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Corn prices are on a downward trajectory, approaching the anticipated target of $425.30. This movement follows the completion of a double top pattern, which is expected to push prices below this key level, potentially leading to further declines targeting $416.30.
Market analysts suggest that the bearish trend will persist in the near term. However, it is important to note that a breach above $434.30 would invalidate this negative outlook, indicating a potential reversal and upward movement in prices.
For today, the projected trading range is set between a support level of $420.00 and a resistance level of $434.00.
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What Is The Symbol For Corn Futures?