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How Much Higher Can Corn Prices Go?
Yahoo Finance· 2025-11-18 15:54
Core Insights - March corn futures are showing a buying opportunity due to recent price strength, having reached a four-month high, indicating a bullish trend in the near term [1][2]. Demand and Market Support - Domestic and export demand for U.S. corn remains robust, contributing to the upward pressure on corn futures prices. Additionally, rallies in soybean and wheat futures have further supported corn prices [2]. Technical Analysis - A breakout in March corn futures above the resistance level of $4.50 would empower bullish traders and create a buying opportunity, with an upside price target of $4.85 or higher. Technical support is identified at $4.35, where protective sell stops can be placed [3].