Thursday Forecast
Uptrend scenario
An uptrend will start as soon, as the corn market rises above resistance level 399, which will be followed by moving up to resistance level 412.
Downtrend scenario
The downtrend may be expected to continue, while the corn market is trading below resistance level 399, which will be followed by reaching support level 390 - 386.
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This/Next Week Forecast (October 12 - 16, 2020)
Uptrend scenario
The uptrend may be expected to continue, while the corn market is trading above support level 390, which will be followed by reaching resistance level 412.
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 375 355.
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Previous week corn price forecast
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Fundamental Analysis
Difference between supply and demand showing fair price on level 370.
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Corn Price Forecast 2020, Long-Term (Quarter III: July - September, 2020)
Uptrend scenario
An uptrend will start as soon, as the corn market rises above resistance level 321, which will be followed by moving up to resistance level 354 and if it keeps on moving up above that level, we may expect the corn market to reach resistance level 390.
Downtrend scenario
The downtrend may be expected to continue, while the corn market is trading below resistance level 321, which will be followed by reaching support level 262.
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