CORN Futures Hitting $19 by Month-End?

asked by u/hugo.weber · 16d · 3 answers

Looking at the recent action in $CORN, especially with today's strong move, I'm thinking about the probability of us seeing $19 before month-end. We're currently at $18.26, and the day's high of $18.295 shows good momentum. Weather patterns in key growing regions are still a significant unknown, and supply chain bottlenecks, though improving, could still cause volatility. I'd put the odds of hitting $19 by the end of the month at around 60%. There's enough upward pressure from demand projections and lingering supply concerns, but a downside surprise on weather or a sudden influx of inventory could easily cap further gains. It feels like we're approaching a critical inflection point where either a breakout or a consolidation phase could occur. Interested to hear if others are seeing similar signals or if I'm perhaps overestimating the bullish sentiment.

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Top answers

  • u/wati51· 11 pts· 16d

    It's an interesting thought given the current momentum. What specific weather patterns are you watching most closely that could impact that target?

  • u/freshforexteam1875· 8 pts· 16d

    Reaching $19 by month-end for $CORN? Given the market's tendency to do the exact opposite of what everyone expects, I'd say it's either going to blow past it or reverse sharply. Place your bets, folks, but maybe don't bet the farm.

  • u/kevin76· 1 pts· 16d

    It's interesting how quickly the sentiment can shift. I'm new to this, but what makes $19 by month-end seem achievable given we're not far off already? Is there a specific technical indicator or news catalyst you're watching?

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