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Corn prices have successfully surpassed the $425.30 mark, closing the daily candlestick above this level. This development bolsters expectations for a continued bullish trend in the forthcoming sessions, paving the way for a potential rise towards the next target of $434.30.
In light of this momentum, a bullish bias is recommended for intraday trading. However, it is important to note that if prices fall below $425.30, this would negate the current positive outlook and likely result in a downward trend.
For today, the anticipated trading range is set between a support level of $423.00 and a resistance level of $434.00.
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Who Initiates Delivery In A Corn Futures Contract?