Corn Futures Bearish Momentum With A 8% Slide In The Last 21 Sessions

(VIANEWS) – Corn (ZC) has been up by 8.84% for the last 21 sessions. At 20:50 EST on Wednesday, 17 July, Corn (ZC) is $412.25.

Volume

Today’s last reported volume for Corn is 2083, 98.47% below its average volume of 136218.64.

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 extends declines on Chinese demand concerns, WTI falls below $80. According to FXStreet on Tuesday, 16 July, "WTI has extended a backslide from a recent upswing that fell just short of the $84.00 handle, and US Crude Oil prices have backslid over -5.5% peak-to-trough in July.", "Despite the extended decline in barrel counts, fully-refined gasoline stocks rose 365K barrels, with an additional buildup of partially-refined distillate inventories of 4.92 million barrels as end-chain refiners struggle to keep up with the availability of Crude Oil products."

More news about Corn (ZC).

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