Corn Futures Bullish Momentum With A 4% Rise In The Last 5 Sessions

(VIANEWS) – Corn (ZC) has been up by 4.8% for the last 5 sessions. At 11:52 EST on Thursday, 4 April, Corn (ZC) is $447.25.

Volume

Today’s last reported volume for Corn is 53266, 58.77% below its average volume of 129213.43.

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 Tuesday, 2 April, "Spot prices currently trade around the 1.3580 area and remain supported by some follow-through US Dollar (USD) buying, though bullish Crude Oil prices might cap any further gains.", "Meanwhile, Crude Oil prices stand tall near a five-month high touched on Monday amid signs of improved demand and the risk of a further escalation of tensions in the Middle East. "
  • According to FXStreet on Thursday, 4 April, "Against the backdrop of Ukrainian attacks on Russian refineries, which have cut fuel supply, the risk that the Israel-Hamas war may spread to include Iran and disrupt supplies in the key Middle East region acts as a tailwind for Crude Oil prices. ", "West Texas Intermediate (WTI) US Crude Oil prices enter a bullish consolidation phase during the Asian session on Thursday and oscillate in a narrow trading band near the highest level since October 2023 touched the previous day. "

More news about Corn (ZC).

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