Corn Price Analysis Expected Scenario Corn price managed to break the $461.90 level and ended yesterday below it, approaching to form a double top pattern that its signs appear on the chart, which will push the price to surpass our next awaited target at $449.20 to reach $433.50 areas as the next negative station. Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching $461.90 will stop the current negative pressure and lead the price to attempt to recover on the intraday basis. Expected Trading Range Between $450.00 support and $465.00 resistance.

Trend Forecast: Bearish