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Corn Futures Bearish Momentum With A 7% Fall In The Last 10 Sessions

(VIANEWS) – Corn (ZC) has been up by 7.54% for the last 10 sessions. At 11:54 EST on Tuesday, 2 July, Corn (ZC) is $423.25.

Volume

Today’s last reported volume for Corn is 107393, 21.31% below its average volume of 136476.34.

Volatility

Corn’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.79%, a negative 0.33%, and a positive 2.49%, respectively.

Corn’s highest amplitude of average volatility was 0.79% (last week), 0.69% (last month), and 2.49% (last quarter), respectively.

Commodity Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Corn’s commodity is considered to be overbought (>=80).

News about

  • According to FXStreet on Monday, 1 July, "Furthermore, expectations of a peak summer fuel consumption and OPEC+ cuts in the third quarter could lead to a global oil market supply deficit, which, in turn, is seen as a key factor acting as a tailwind for Crude Oil prices.", "This suggested that the world’s second-largest economy remains fragile, which, in turn, could cap the upside for Crude Oil prices. "

More news about Corn (ZC).

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