Corn Futures Bearish Momentum With A 10% Drop In The Last 21 Sessions

(VIANEWS) – Corn (ZC) has been up by 10.08% for the last 21 sessions. At 11:52 EST on Thursday, 18 July, Corn (ZC) is $406.00.

Volume

Today’s last reported volume for Corn is 76669, 43.27% below its average volume of 135160.22.

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

  • Crude oil extends declines on Chinese demand concerns, WTI falls below $80. According to FXStreet on Tuesday, 16 July, "WTI has extended a backslide from a recent upswing that fell just short of the $84.00 handle, and US Crude Oil prices have backslid over -5.5% peak-to-trough in July.", "The API reported yet another contraction in overall Crude Oil supply, showing a -4.44 million barrel contraction in privately counted supplies for the week ended June 12. "

More news about Corn (ZC).

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