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Corn Price Forecast Update – 09-07-2024

by Jennifer

Corn Price Analysis

Expected Scenario

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Corn price exhibited strong negativity yesterday, completing a bearish flag pattern and successfully reaching our awaited target at $394.00. Market expectations point towards further downward pressure, targeting new levels around $380.00. Consequently, the bearish trend is expected to persist in the upcoming period, contingent upon the price remaining stable below $408.10.

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Expected Trading Range

  • Support: $380.00
  • Resistance: $402.00

Trend Forecast: Bearish

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