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Commodities

Corn Market Rallies on Fresh Strength and Strong Technicals

Guavy AI Editorial Team
Instruments
Corn
Share

The corn market has shown fresh strength after Monday's decline, and prices have rallied to $4.80 1/2 per December contract.

This uptrend is supported by the USDA's report of daily U.S. corn sales of 197,272 MT to unknown destinations during 2026-27.

The crop condition index has declined significantly, with the U.S. corn crop rated as 63% good to excellent, down four percentage points from last week and below analyst expectations.

The market bulls have regained footing, and technical analysis indicates that they have the overall near-term technical advantage, with a price uptrend in place on the daily bar chart.

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