Corn Price Resumes Decline – Forecast for June 27, 2024

by Jennifer

Corn Price Analysis

Expected Scenario


The corn price dropped sharply yesterday, reaching the anticipated negative target of $422.00. The bearish trend is expected to continue, aiming for additional negative targets, with the next significant level being the previously recorded low of $408.10.


Further declines are anticipated in the upcoming sessions. However, a breach above $433.50 would halt the bearish trend and potentially lead to recovery attempts on an intraday and short-term basis.

Expected Trading Range

  • Support: $410.00
  • Resistance: $430.00

Trend Forecast: Bearish

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