Corn Weekly Forecast

This/Next Week Forecast (April 5 – 9, 2021)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 575, which will be followed by moving up to resistance level 620.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 559, which will be followed by moving down to support level 531 and if it keeps on moving down below that level, we may expect the market to reach support level 500.

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, April 2021

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 574, which will be followed by reaching resistance level 620.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 524, which will be followed by moving down to support level 455.

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

previous month forecast

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