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HWby u/hugo.weber·2moAnalysis

CORN Futures Hitting $19 by Month-End?

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.

2 comments · 15 points

2 Comments

WAu/wati51·2mo

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

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FRu/freshforexteam1875France·2mo

[removed]

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KEu/kevin76·2mo

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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