Weekly Forecast (August 17 - 21, 2020)

Uptrend scenario
The uptrend may be expected to continue, while the market is trading above support level 320,4, which will be followed by reaching resistance level 340.
Downtrend scenario
A downtrend will start as soon, as the market drops below support level 320,4, which will be followed by moving down to support level 309.

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Previous week corn futures market forecast chart

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Long-Term Forecast (Quarter III: July - September 2020)

Uptrend scenario
An uptrend will start as soon, as the 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 market to reach resistance level 390.
Downtrend scenario
The downtrend may be expected to continue, while the market is trading below resistance level 321, which will be followed by reaching support level 262.

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Corn Futures Market Fundamental Analysis

The difference between supply and demand shows oversold market and the fair price at the level of $340.

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