Corn Futures Bearish Momentum With A 5% Slide In The Last 10 Sessions

(VIANEWS) – Corn (ZC) has been up by 5.91% for the last 10 sessions. At 11:51 EST on Friday, 28 June, Corn (ZC) is $437.50.

Volume

Today’s last reported volume for Corn is 94007, 29.23% below its average volume of 132841.9.

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 Wednesday, 26 June, "The latter will influence the Fed’s future policy decision, which, in turn, will drive the USD demand in the near term and provide some meaningful impetus to Crude Oil prices."
  • Crude oil roils on Wednesday after EIA prints another weekly buildup in US crude oil stocks. According to FXStreet on Wednesday, 26 June, "West Texas Intermediate (WTI) US Crude Oil tumbled back to $80.00 per barrel on Wednesday after the Energy Information Administration (EIA) reported another unexpected increase in week-on-week US Crude Oil Stocks Change, kicking the legs out from beneath barrel traders that were hoping for a net decrease in US Crude Oil supplies.", "US Crude Oil markets shuddered after another week-on-week buildup, sending WTI back to the $80.00 handle on reaction."

More news about Corn (ZC).

Leave a Reply

Your email address will not be published. Required fields are marked *