CBOT corn may fall into $4.89-1/4 to $4.92 range

CBOT December corn (CZ26) is expected to decline into the $4.89-1/4 to $4.92 per bushel range, potentially breaking the support at $4.96-1/4. This support is based on the 100% projection level of a wave c from $5.26. The price could also extend further down to $4.85.