Corn price returns to test the bearish channel’s resistance, and as long as the price is below 534.00, our bearish overview will remain valid for the upcoming period, supported by stochastic negativity, noting that we are waiting to visit 504.00 followed by 480.00 levels as next main targets.
The expected trading range for today is between 504.00 support and 530.00 resistance.
The expected trend for today: Bearish