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Corn prices moved lower yesterday, approaching the first anticipated target of $393.50. Further declines are expected, with the potential to reach additional targets around $380.00.
The 50-day Exponential Moving Average (EMA) is exerting negative pressure, reinforcing the current bearish trend. This trend will persist unless the price breaks above $410.00 and sustains above this level.
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Today’s forecasted trading range for corn is between $385.00 and $405.00.
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Trend Forecast: Bearish
