Upcoming Week Forecast (November 9 - 13, 2020)

• Uptrend scenario: The uptrend (correction) may be expected to continue if the market trades above support level 402.75, which would be followed by reaching resistance level 421.
• Downtrend scenario: A downtrend may start as soon as the market drops below support level 402.75, which would be followed by moving down to support level 390. Additionally, if it keeps on moving down below that level, we may expect the market to reach support level 375.

The Previous Week's Corn Price Forecast

Fundamental Analysis

The difference between supply and demand is illustrated by the price on levels 370 and 390.

Monthly Forecast

• Uptrend scenario: The uptrend may be expected to continue if the market rises above resistance level 425, which would be followed by reaching resistance level 460.
• Downtrend scenario: A downtrend may start as soon as the market drops below support level 390, which would be followed by moving down to support level 355.