Corn Futures like all commodity futures has drastically been going up. The pullback after the major move for Corn is on the way. We don’t know if this is a major or minor pull back yet. Time will tell.
Below is the weekly Ichimoku chart for Corn futures. The target level for Corn futures is 542.89 which is the major resistance level based on the flat Senkou Span B. This happens to also be the 50% retracement.
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