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Corn prices have reached our anticipated target of $393.50. Currently, the price is showing signs of a bullish rebound from this level, driven by positive stochastic indicators. This suggests the potential for an intraday bullish wave, aiming towards the $410.00 area in the near term.
Therefore, a bullish bias is suggested for today. However, if the price breaks below $393.50, it could halt the bullish wave and lead to additional losses, potentially reaching $380.00.
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The expected trading range for today is between $390.00 support and $405.00 resistance.
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Trend Forecast: Bullish
