Corn price provided positive trades in the previous sessions, but it faced solid resistance formed by the EMA50 at 597.50, accompanied by witnessing clear negative signals through stochastic, which supports the chances of resuming the bearish bias that its targets begin by breaking 585.20 to confirm opening the way to visit the next correctional level at 572.10.
Therefore, the bearish trend scenario will remain valid conditioned by the price stability below 597.50.
The expected trading range for today is between 580.00 support and 597.50 resistance.
The expected trend for today: Bearish