On the corn daily chart we can see a nice three wave rise in progress, probably as a big contra trend move that is in motion since the end of August 2016. As we can see, price already completed waves A) and B) and recently ideally started a new impulsive price action in the final leg C). If that is the case and if we see a nice decisive break above the sub-wave B swing, then we could be in for more gains. The ideal target for wave C is around the 390 region.
Corn, Daily