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Corn Price Analysis
Expected Scenario
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Corn prices have reached the anticipated target of $433.50, encountering solid support and displaying a temporary bullish bias. However, the stochastic indicator is losing positive momentum, suggesting a potential resumption of negative trades. A break below the $433.50 level could open the path towards the next target of $422.00.
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Expected Trading Range
Traders can expect corn to trade within a range of $425.00 support to $445.00 resistance.
Trend Forecast
The trend forecast for corn remains bearish, contingent on the price breaking below the key support level.
Investors and traders should monitor these levels closely as they navigate today’s corn market.
