(VIANEWS) - Corn (ZC) has been up by 3.5% for the last 5 sessions. At 23:52 EST on Wednesday, 19 June, Corn (ZC) is $465.75.
Volume
Today's last reported volume for Corn is 6224, 95.39% below its average volume of 135130.09.
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 tests higher ground on quiet Wednesday, WTI touches $81.00. According to FXStreet on Wednesday, 19 June, "Slack in bullish momentum could pull US Crude Oil back below the 200-day EMA and send WTI into another leg lower, pushing bids back below a descending trendline drawn from 2024's peak bids around $87.00 per barrel.", "However, OPEC+ nations that rely on Crude Oil output to balance their government budgets are buckling under the pressure and pumping caps are set to begin phasing out in the third quarter."
- According to FXStreet on Tuesday, 18 June, "Apart from this, expectations that a drawdown in US inventories will tighten the market in the second half of the year should act as a tailwind for Crude Oil prices.", "Adding to this, the emergence of fresh buying around the US Dollar (USD), which continues to draw support from the Federal Reserve's (Fed) hawkish outlook, might also contribute to capping gains for Crude Oil prices. "
- Crude oil shrugs off API stocks buildup, etches in another gain on Tuesday. According to FXStreet on Tuesday, 18 June, "This week's bullish push in WTI has sent US Crude Oil above the 200-day Exponential Moving Average (EMA) at $78.86. ", "Coupled with ambiguous hopes of a summertime uptick in demand, energy markets are shrugging off bearish factors, like US Crude Oil overproduction and disappointing Chinese demand figures last week."
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