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Corn price resumes the decline – Forecast today - 27-06-2024
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Corn price resumes the decline – Forecast today - 27-06-2024
Jun 26, 2024 10:13 PM

Corn Price Analysis Expected Scenario The Corn price bounced downwards strongly yesterday, to reach the expected negative target at 422.00$, and we suggest the continuation of the bearish bias to achieve additional negative targets that reach the previously recorded low at 408.10$. Therefore, we expect to witness more decline in the upcoming sessions, noting that breaching 433.50$ will stop the negative scenario and lead the price to start recovery attempts on the intraday and short-term basis. Expected Trading Range Between 410.00$ support and 430.00$ resistance.

Trend Forecast: Bearish

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