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Corn Futures Rises By 3% In The Last 10 Sessions

(VIANEWS) – Corn (ZC) has been up by 3.64% for the last 10 sessions. At 23:52 EST on Wednesday, 15 May, Corn (ZC) is $463.25.

Volume

Today’s last reported volume for Corn is 3908, 97.07% below its average volume of 133423.01.

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, 15 May, "For the week ending May 10, the API Weekly Crude Oil Stock dropped 3.104 million barrels, significantly exceeding the forecasted 1.35 million-barrel decline. "
  • Crude oil finds late bump but still sheds weight on Tuesday as WTI grApples with $78. According to FXStreet on Tuesday, 14 May, "Further weighing on Crude Oil bids is US inflation, which continues to print higher than expected and keeping the Fed’s hands tied when it comes to interest rate cuts, hobbling broad-market risk appetite as investors look for signs the Fed could cut rates sooner rather than later.", "West Texas Intermediate (WTI) US Crude Oil fell to $77.30 on Tuesday as market sentiment regarding Federal Reserve (Fed) interest rate cut expectations begins to crumble, but a late-day Crude Oil supply update from the American Petroleum Institute (API) helped to bolster barrel bids."

More news about Corn (ZC).

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