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Corn prices have exceeded the initial target of $393.50, closing the daily candlestick below this level. This reinforces expectations for a continued bearish trend, with the next potential support level at $380.00.
The downward pressure from the EMA50 supports the anticipated decline, provided the price remains below the $393.50 and $399.00 levels.
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Today’s expected trading range is between $380.00 support and $395.00 resistance.
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Trend Forecast: Bearish
