Reported 2 days ago
December corn futures are presenting a potential buying opportunity as prices show an upward trend, fueled by recent strong global demand for U.S. corn. Traders adopting a 'buy the dip' mentality are maintaining this uptrend, with a key resistance level at $4.24 3/4. A breakout above this level could further bolster bullish sentiment, with a price target around $4.60, while support is noted at $4.10.
Source: YAHOO