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Corn price has experienced a significant upward rebound, surpassing the $461.90 level and approaching $474.70, signaling a revival of the bullish momentum and indicating potential further gains in the near future. It is noteworthy that breaching the $474.70 level could propel the price towards $490.40 as the next significant target.
Therefore, we anticipate continued upward movement in the coming trading sessions unless the price breaks below $461.90 and holds below this level.
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Expected Trading Range for Today:
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Support: $463.00
Resistance: $480.00
The trend forecast for corn remains bullish, reflecting recent price movements and the potential for further upward momentum.
