This/Next Week Forecast
(September 28 - October 2, 2020)

Uptrend scenario

An uptrend will start as soon, as the corn market rises above resistance level 375, which will be followed by moving up to resistance level 390.

Downtrend scenario

The downtrend may be expected to continue, while the corn market is trading below resistance level 370, which will be followed by reaching support level 355 and if it keeps on moving down below that level, we may expect the corn market to reach support level 340.

Previous week corn price forecast

Fundamental Analysis

Difference between supply and demand showing a fair price on the level 350.

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.