SINGAPORE, Sept 27 (Reuters) -The CBOT soybean November contract SX24 may extend its loss to $10.19 per bushel, as a wave C from $10.01-1/4 may have completed.

This wave failed twice to overcome a barrier at $10.59-1/2. The failure, along with the deep fall on Thursday, confirms the completion of this wave.

CBOT December corn CZ24 may fall to $4.07-3/4 per bushel, following its failure to escape from a wedge.

The deep drop from the Sept. 26 high of $4.19-1/4 confirmed an extension of the wedge, the lower trendline of which points at a target of $4.07-1/2.

CBOT December wheat WZ24 may test support at $5.74-3/4 per bushel, a break below could open the way towards $5.66-3/4.

The current fall is classified as third leg of a correction from the Sept. 13 high of $5.98-3/4. The fall may extend to $5.66-1/4 at is full capacity.

** Wang Tao is a Reuters market analyst for commodities and energy technicals. Views expressed are his own.

** No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult their own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.

Reporting by Wang Tao;

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