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Corn Prices Reach Support – June 17, 2024 Forecast

by Jennifer

Corn Price Analysis

Corn prices have recently declined, testing the key support level at $449.20 and stabilizing near this point. The price is currently fluctuating between the support at $449.20 and the resistance at $461.90, leading to a neutral outlook.

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Should the price break below the $449.20 support level, further declines are expected, potentially reaching down to $433.50. Conversely, if the price breaches the $461.90 resistance level, a recovery may be signaled, with potential gains targeting $474.70.

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Expected Trading Range

  • Support: $440.00
  • Resistance: $462.00

Trend Forecast: Neutral

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