Corn Price Surpasses Target, Projected to Reach $516

Corn prices surged today, surpassing the expected target of $487.30, opening the path for further gains in both the intraday and short-term outlook. The next key price level to watch is $516.00.

Maintaining a position above $487.30 is crucial for the continued upward trend. A drop below this threshold could reverse the price movement, initiating a decline toward negative targets, with the first potential support at $475.80.

Today’s expected trading range for corn is between $490.00 support and $500.00 resistance.