(VIANEWS) – Corn (ZC) has been up by 3.58% for the last 10 sessions. At 13:50 EST on Friday, 19 January, Corn (ZC) is $445.00.
Volume
Today’s last reported volume for Corn is 113414, 11.83% below its average volume of 128641.84.
Volatility
Corn’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.57%, a negative 0.33%, and a positive 2.48%, respectively.
Corn’s highest amplitude of average volatility was 0.57% (last week), 0.73% (last month), and 2.48% (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
- WTI dips to $70.60 and rebounds as geopolitical risks continue to plague crude oil markets. According to FXStreet on Wednesday, 17 January, "With US production continuing to increase Crude Oil production into new all-time highs, OPEC is going to have to commit to even steeper production caps moving forward, a move that will become increasingly undesirable for smaller member states within the oil cartel who are already depressing Crude Oil output as much as their government budgets can afford.", "Many private logistics companies have rerouted shipping lanes around the continent of Africa to connect Europe and Asia, limiting the potential for supply constraints, but energies markets remain determined to fear the possibility of Crude Oil supply being unable to make it to market amidst Red Sea tensions."
- Crude oil forecast – crude oil markets continue to be noisy – 18 January 2024. According to DailyForex on Thursday, 18 January, "In the case of WTI Crude Oil, the market saw early declines on Wednesday, reflecting the ongoing turbulence in Crude Oil prices. ", "At the end of the day, the crude oil market remains within a consolidation range, with WTI Crude Oil and Brent both navigating between support and resistance levels. "
More news about Corn (ZC).
