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Corn price resumes the rise – Forecast today - 24-05-2024
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Corn price resumes the rise – Forecast today - 24-05-2024
May 23, 2024 9:43 PM

Price Analysis for Corn Expected Scenario Corn price provided clear positive trades yesterday to move away from 461.90$ level and reinforce the expectations of continuing the rise on the intraday basis, targeting testing 474.70$ as a next station, noting that breaching this level will push the price to visit 490.40$ on the near term basis. Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 461.90$ and holding below it. Expected Trading Range Between 465.00$ support and 475.00$ resistance.

Trend Forecast: Bullish

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