This/Next Week Forecast (October 19 – 23, 2020)
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 412, which will be followed by reaching resistance level 425.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 399, which will be followed by moving down to support level 390 and if it keeps on moving down below that level, we may expect the market to reach support level 375.
previous week corn price forecast
Fundamental Analysis
Difference between supply and demand showing fair price on the level 370.
Corn Price Forecast 2020, Long-Term
(Quarter III: July – September, 2020)
Uptrend scenario
An uptrend will start as soon, as the 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 market to reach resistance level 390.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 321, which will be followed by reaching support level 262.
