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Corn Futures Bullish Momentum With A 3% Jump In The Last 10 Sessions

(VIANEWS) – Corn (ZC) has been up by 3.81% for the last 10 sessions. At 14:56 EST on Wednesday, 1 May, Corn (ZC) is $450.00.

Volume

Today’s last reported volume for Corn is 142475, 7.85% above its average volume of 132095.41.

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, 29 April, "The hawkish outlook, meanwhile, remains supportive of the underlying bullish tone around the US Dollar (USD) and might continue to weigh on Crude Oil prices.", "This comes after Russia announced more export and production cuts earlier this year, which, along with little signs of de-escalation of tensions in the Middle East, keep supply risks in play and should help limit any meaningful downside for Crude Oil prices."
  • Crude oil slumps on risk aversion, WTI tests $81 per barrel. According to FXStreet on Tuesday, 30 April, "WTI has fallen back to a familiar supply zone near $81.00 as bullish momentum in US Crude Oil remains limited. ", "The American Petroleum Insitute (API) reported a week-on-week increase of 4.906 million barrels in US Crude Oil supplies as US production continues to outpace demand. "

More news about Corn (ZC).

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