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Corn Futures Bullish Momentum With A 4% Jump In The Last 10 Sessions

(VIANEWS) – Corn (ZC) has been up by 4.93% for the last 10 sessions. At 23:50 EST on Tuesday, 24 September, Corn (ZC) is $410.00.

Volume

Today’s last reported volume for Corn is 6275, 95.51% below its average volume of 139856.67.

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, 25 September, " Oil traders will take more cues from the weekly EIA Crude Oil stockpiles report, which is due later on Wednesday. "
  • According to FXStreet on Tuesday, 24 September, "This is seen underpinning demand for USD-denominated commodities and lending some support to Crude Oil prices.", "The aforementioned mixed fundamental backdrop warrants some caution before placing aggressive directional bets around Crude Oil prices as traders opt to wait for more cues about the Fed’s rate-cut path. "
  • Crude oil prices remain buoyed by geopolitical concerns while European economy enters doom scenario. According to FXStreet on Monday, 23 September, "At the time of writing, Crude Oil (WTI) trades at $71.59 and Brent Crude at $74.41"

More news about Corn (ZC).

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