Corn Futures Plunge Amid Bearish Momentum

Corn futures have been experiencing near-term and medium-term selling pressure despite remaining above long-term support levels.

The price of Corn Futures (ZC) is currently trading at USX461.62, down from its previous day's close due to a modest daily decline.

Momentum indicators point to a strongly bearish outlook, with oversold signals and sellers dominating recent intraday moves.

The expected range for the next 2-3 trading days is $457.76 to $465.48, but there's a high risk of further downside if support fails.