CBOT Corn Forecasted to Enter $4.89-$4.92 Range

CBOT December corn (CZ26) is projected to break the support level at $4.96-1/4 per bushel and trade within the $4.89-1/4 to $4.92 range. Resistance is primarily noted at $5.03-1/4, with consolidation limited by this level following a sharp decline from $5.26.