Corn Prices Experience Negative Pressure, Forecast Signals Bearish Trend – May 6, 2024

by Jennifer

In the latest analysis of corn prices, a prevailing negative sentiment is observed, as the commodity struggles to sustain its position above the $461.90 threshold. Today, the price has broken below this level, initiating a further decline that reinforces the potential for continued bearish bias in forthcoming trading sessions, with an initial target set at $449.20.

The bearish outlook persists unless the price manages to breach the $461.90 mark and sustain a position above it once again. Analysts emphasize that should the decline persist and breach the $449.20 level, the price may incur additional losses, potentially reaching areas around $433.50.


Today’s trading range is anticipated within the following parameters:

  • Support: $448.00
  • Resistance: $462.00

The overall trend forecast maintains a bearish outlook, highlighting a propensity for further downward movements in the near term.

You May Also Like


Bnher is a comprehensive futures portal. The main columns include futures market, futures exchanges, futures varieties, futures basic knowledge and other columns.

[Contact us: [email protected]]

© 2023 Copyright – Futures Market, Investment, Trading & News