Corn Futures Bearish By 3% In The Last 10 Sessions

(VIANEWS) – Corn (ZC) has been up by 3.87% for the last 10 sessions. At 14:54 EST on Tuesday, 6 August, Corn (ZC) is $404.00.

Volume

Today’s last reported volume for Corn is 129724, 5.51% below its average volume of 137289.96.

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, 5 August, "At the time of writing, Crude Oil (WTI) trades at $71.61 and Brent Crude at $75.42"
  • According to FXStreet on Tuesday, 6 August, "This is expected to dent fuel demand and drags Crude Oil prices lower for the fourth straight day, which, in turn, is seen undermining demand for the commodity-linked Loonie. ", "Furthermore, the risk of a broader Middle East conflict continues to fuel concerns about supply disruptions from the key Oil producing region and could help limit losses for Crude Oil prices. "
  • According to FXStreet on Tuesday, 6 August, "Concerns about an economic downturn in the US and China - the world’s two largest economies - continue to act as a headwind for Crude Oil prices. ", "Some follow-through selling below the $71.00 mark will reaffirm the negative bias and make Crude Oil prices vulnerable to accelerate the fall towards intermediate support near mid-$70.00s en route to the $70.00 psychological mark. "

More news about Corn (ZC).

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