Commodities
Corn Futures Diverge Amid Bearish Pressure
Corn futures are trading at $482, down 1.21% on the day, as they face short- and medium-term bearish pressure.
The price remains below its key short- and medium-term moving averages, while holding above its long-term trend indicator.
Momentum signals are mixed, with intraday sellers active though MACD hints at underlying support.
The price is expected to fluctuate between $476.85 and $487.02 over the next two to three trading days, with a 41% probability of an upward move.