For the week of October 12 - 16, in the Uptrend scenario the uptrend may be expected to continue while the market is trading above support level 390, which will be followed by reaching resistance level 412.

In the Downtrend scenario a downtrend will start as soon as the market drops below support level 390, which will be followed by moving down to support level 375 355.

Previous week corn price forecast

Fundamental Analysis

The difference between supply and demand showing a fair price on the level 370.

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

In the 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. If it keeps on moving up above that level, we may expect the market to reach resistance level 390.
In the 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.