Corn upside correction (LT Bear - ST Bull)

TA:
On a weekly scale, Corn Futures have completed 5 waves downwards from Summer 2012 to Autumn 2015

I believe we are current witnessing a retracement back to the USD430 level (LT resistance traced back to 2007)
- refer to waves A-B-C

Additionally, Corn prices have mostly respected the Fibonacci Levels, hence, this provides some additional support to my target of USD430.

Fundamentals:
In the long run, based on a few factors, I expect a more bearish outlook for this commodity:

1) USDA abandoning its forecast of China corn imports - China current holds 40% of Corn Inventory. Hence, China's self reliance on its own Corn inventory may reduce demand for US Corn.
2) Rising USD may adversely impact the demand from foreign corn importers as Corn becomes more expensive to purchase

May the trades work with you.