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Corn Futures Is 2% Down In The Last 5 Sessions

ViaNews Editorial Team

October 27, 2023

Corn Futures Is 2% Down In The Last 5 Sessions
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(VIANEWS) - Corn (ZC) has been up by 2.97% for the last 5 sessions. At 02:51 EST on Friday, 27 October, Corn (ZC) is $481.50.

Volume

Today's last reported volume for Corn is 6949, 94.5% below its average volume of 126433.48.

Volatility

Corn's last week, last month's, and last quarter's current intraday variation average was a negative 0.76%, a negative 0.01%, and a positive 1.92%, respectively.

Corn's highest amplitude of average volatility was 0.84% (last week), 1.01% (last month), and 1.92% (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 Wednesday, 25 October, "West Texas Intermediary (WTI) Crude Oil prices oscillate in a narrow trading band during the Asian session on Wednesday and consolidates the recent heavy losses to over a one-week low touched the previous day. ", "That said, indications of strong fuel demand in the United States (US), even after the end of the summer season, and tightening global supplies help limit losses for Crude Oil prices."
  • According to FXStreet on Thursday, 26 October, "The aforementioned mixed fundamental backdrop is holding back traders from placing aggressive directional bets around Crude Oil prices and leading to subdued rage-bound price action. ", "This, in turn, is seen as a key factor acting as a tailwind for WTI Crude Oil prices. "
  • Crude oil forecast: chops around - 25 October 2023. According to DailyForex on Wednesday, 25 October, "The West Texas Intermediate Crude Oil market initially displayed strength with a gap higher at the beginning of Tuesday's session. "

More news about Corn (ZC).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.