This/Next Week Forecast (October 19 - 23, 2020)

Uptrend scenario

The uptrend may be expected to continue in case the corn market rises above resistance level 412, which will be followed by reaching resistance level 425.

Downtrend scenario

A downtrend will start as soon, as the corn market drops below support level 399, 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

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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