Thursday Forecast
Uptrend scenario
An uptrend will start as soon, as the corn market rises above resistance level 425, which will be followed by moving up to resistance level 437.80.
Downtrend scenario
The downtrend may be expected to continue, while the corn market is trading below resistance level 417 - 425, which will be followed by reaching support level 409.50, 401.30, and 390.
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Previous forecast
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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.
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Previous week corn price forecast
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Fundamental Analysis
The difference between supply and demand shows the fair price on the level 370 - 390.
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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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