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Corn prices have exhibited a robust upward rally in recent sessions, successfully breaching the levels at 481.30 and 487.90. Moreover, the price has settled above the latter, signaling the potential for further gains in the upcoming sessions, with the next target set at 493.20.
Anticipations point towards additional intraday rises, and a breach of the 489.00 level would facilitate the achievement of the new expected targets. However, a break below 487.90 could disrupt the positive scenario and lead to a price decline.
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The expected trading range for the day is likely to fluctuate between support at 485.00 and resistance at 495.00.
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Today’s expected trend: Bullish
