Corn will find a new support around $500

It's a risky trade to buy or sell corn at this stage. Corn is at no man's land so it could either go high or low. We have seen corn go past $500 commonly after 2007 which was a rare event before.
I can't predict the future but I can see why corn will make new support in this region.

$550 - risky
$500 - good opportunity to buy
$450 - great opportunity to buy
$350 - buy corn with all your money. You will make a fortune.