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Corn prices have successfully reached and exceeded the initial target of $405.20, closing above this level and confirming the potential for further bullish correction. The next anticipated positive target is $416.30.
The bullish trend is expected to continue on an intraday basis, provided that the price remains above $405.20. A drop below this level could alter the current upward momentum.
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The expected trading range for today is between $402.00 support and $416.00 resistance.
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Trend Forecast: Bullish
