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Corn Futures Went Up By Over 11% In The Last 10 Sessions

ViaNews Editorial Team

September 6, 2024

Corn Futures Went Up By Over 11% In The Last 10 Sessions
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(VIANEWS) - Corn (ZC) has been up by 11.49% for the last 10 sessions. At 20:51 EST on Thursday, 5 September, Corn (ZC) is $410.00.

Volume

Today's last reported volume for Corn is 3882, 97.21% below its average volume of 139601.49.

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 Thursday, 5 September, "Looking ahead, traders will keep an eye on the US ISM Services PMI and weekly EIA Crude Oil stockpiles report, which are due later on Thursday. "
  • Crude oil bottoms out as OPEC mulls delaying supply increase. According to FXStreet on Thursday, 5 September, "At the time of writing, Crude Oil (WTI) trades at $69.43 and Brent Crude at $73.27", "This delay appears to be the minimum needed to keep Crude Oil prices afloat at the current levels."
  • Crude oil snaps below $70 as opec, libya flood supply side. According to FXStreet on Wednesday, 4 September, "At the time of writing, Crude Oil (WTI) trades at $70.40 and Brent Crude at $74.11"
  • According to FXStreet on Thursday, 5 September, "The latter should act as a key pivotal point, which if cleared decisively should trigger a short-covering rally, which should allow Crude Oil prices to surpass the $72.50 intermediate resistance and aim to reclaim the $73.00 mark.", "Reports that OPEC+ is discussing delaying its oil output increase scheduled to start in October turn out to be a key factor lending some support to Crude Oil prices. "

More news about Corn (ZC).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.