Technical analysis: CBOT corn prices closed lower

On June 30, analysts at Economies have the latest opinion today: CBOT corn prices opened up today, but we will rely on the last closing price below 526.10 on the k-line chart to suggest a bearish trend for a period of time to come. The next main target is 500.00.

Therefore, we expect the market to still fall, and we need to consider that if the price continues to rise and breaks through 540.00, it will stop the decline and push the price higher.

The expected trading range for corn prices today is between 520.00 support and 535.00 resistance.