Corn Prices Just Hit a 5-Month Low. Is It Time to Sell?

Group 1 - March corn futures have reached a five-month low, indicating a potential selling opportunity due to price weakness [1] - A bearish USDA supply and demand report revealed higher-than-expected U.S. corn production and stockpiles, contributing to the negative market sentiment [2] - A breach of chart support at $4.19 could empower bearish traders, with a downside price objective set at $3.95 or below [2] Group 2 - Technical resistance is identified at $4.30, where protective buy stops should be placed [2]