Corn Chart

Corn prices have been stuck in a range for the last 7 days.

The marketplace is waiting to see if the financial markets are stabilized, the market is waiting to see if there are any fresh developments with the war, and the market is waiting to see if the current forecast will in fact verify.

If the forecast improves then the market could push down towards chart support at 6.94.

If it remains hot and dry, then we will likely break out of this range, and we could see prices towards the upper end of the range.