CBOT corn may fall into $4.89-1/4 to $4.92 range
DBA•December CBOT corn is expected to break support at $4.96-1/4 per bushel and fall to $4.89-1/4 to $4.92, while a close above $4.98-1/4 on Tuesday would prompt a review of the bearish outlook.
1. Technical outlook
December CBOT corn is expected to break support at $4.96-1/4 per bushel and fall to $4.89-1/4 to $4.92. Immediate resistance is at $5.00-1/4; a break above it could lead to a rise into the $5.03-1/4 to $5.07-1/4 range.
