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Corn Price Analysis
Corn prices have recently declined, testing the key support level at $449.20 and stabilizing near this point. The price is currently fluctuating between the support at $449.20 and the resistance at $461.90, leading to a neutral outlook.
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Should the price break below the $449.20 support level, further declines are expected, potentially reaching down to $433.50. Conversely, if the price breaches the $461.90 resistance level, a recovery may be signaled, with potential gains targeting $474.70.
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Expected Trading Range
- Support: $440.00
- Resistance: $462.00
Trend Forecast: Neutral
