Tuesday Forecast
Uptrend scenario
The uptrend may be expected to continue, while the corn market is trading above support level 409.50, which will be followed by reaching resistance level 417 - 421.
Downtrend scenario
A downtrend will start as soon, as the corn market drops below support level 409.50, which will be followed by moving down to support level 402.75 and if it keeps on moving down below that level, we may expect the market to reach support level 392.
This/Next Week Forecast (November 9 - 13, 2020)
Uptrend scenario
The uptrend (correction) may be expected to continue, while the corn market is trading above support level 402.75, which will be followed by reaching resistance level 421.
Downtrend scenario
A downtrend will start as soon, as the corn market drops below support level 402.75, which will be followed by moving down to support level 390 and if it keeps on moving down below that level, we may expect the corn market to reach support level 375.
Previous week corn price forecast
Fundamental Analysis
The difference between supply and demand shows a fair price on the level 370 - 390.
Monthly Forecast
Uptrend scenario
The uptrend may be expected to continue in case the corn market rises above resistance level 425, which will be followed by reaching resistance level 460.
Downtrend scenario
A downtrend will start as soon, as the corn market drops below support level 390, which will be followed by moving down to support level 355.
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