CORN Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: CORN is poised for recovery driven by recent increased demand for biofuels and improved weather conditions, leading to higher prices due to supply constraints.




Bearish Case: Persistent oversupply and regulatory uncertainties, coupled with weak demand, likely keep CORN prices under pressure, potentially resulting in further declines.




Potential Outcomes:

1. Bullish price rebound to $20 (30%) from increased biofuel demand.

2. Price stabilization around $18 (40%) amidst balanced supply and demand.

3. Bearish drop to $16 (30%) if oversupply persists amid weak demand.




Trading Oracle: Consider a bullish debit spread by buying the $18.00 call and selling the $19.00 call with November expiry. This captures upside potential while managing risk efficiently. Given high implied volatility, favor long volatility strategies to capitalize on expected price movements.



November 15, 2024


Teucrium Corn Forecast

CORN        Teucrium Corn











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