Corn is not a liquid , but it is a good reference for the price of Corn as they use a basket of in their portfolio. I view the larger picture as a broadening top formation, which occurs after a long advance. I think it is useful to look at markets that move differently than the , just to round out your perspective. Often, high prices of inspires new production and if you look closely at the chart, the red marks a level where sellers clearly emerged and this rally is right back towards that resistance. If we get another short move up, it will hit that supply and provide a very low risk entry on the short side for targets down 10% to 20%.
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