Corn Price Forecast: Hitting Target – May 17, 2024

by Jennifer

Expected Scenario

Corn price has successfully reached our awaited target at $461.90. It is noteworthy that the price has broken this level and closed the daily candlestick below it, affirming the continuation of bearish trend dominance and paving the way for a decline towards $449.20 as the next primary target.


Consequently, the bearish bias is anticipated to persist in the upcoming sessions. It’s worth mentioning that breaching $461.90 would halt the expected decline and initiate recovery attempts on an intraday basis.


Expected Trading Range

The projected trading range for corn spans between support at $450.00 and resistance at $465.00.

Trend Forecast: Bearish

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