Corn Weekly Forecast

This/Next Week Forecast (February 15 – 19, 2021)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 548, which will be followed by moving up to resistance level 574.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 548, which will be followed by reaching support level 524 and 500 – 492.

Chart Corn Price Forecast 2020, Long-term Outlook, Technical Analysis

previous week forecast

Fundamental Analysis

Difference between supply and demand shows fair price on the level 450.

Corn Futures Market Fundamental Analysis Chart Ending Stocks US With World

Monthly Forecast, January 2021

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 468, which will be followed by reaching resistance level 505 and if it keeps on moving up above that level, we may expect the market to reach resistance level 550.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 468, which will be followed by moving down to support level 425 and if it keeps on moving down below that level, we may expect the market to reach support level 390.

Chart Corn Price Forecast 2020, Long-term Outlook, Technical Analysis

previous month forecast

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