(VIANEWS) – Corn (ZC) has been up by 3.14% for the last 5 sessions. At 23:54 EST on Wednesday, 5 June, Corn (ZC) is $460.25.
Volume
Today’s last reported volume for Corn is 2909, 97.82% below its average volume of 133673.31.
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
- Crude oil extends declines as markets balk at opec+ plans to end production cuts. According to FXStreet on Tuesday, 4 June, "Weekly Crude Oil stocks reporting recently showed a sharp decline in raw barrel counts at US storage facilities, but refinery stocks have been swamped by overproduction after the run-up into the Memorial Day holiday driving season, usually marked by a notable upswing in gasoline demand, failed to spark consumer draws anywhere near producers’ hoped levels.", "OPEC+ member states, many of whom rely on Crude Oil production in order to balance their government budgets, have grown weary of carrying supply constraints championed by OPEC."
- Crude oil attempts to shrug off supplies buildup, WTI claws back to $74. According to FXStreet on Wednesday, 5 June, "As oil-heavy nations prepare to pivot away from OPEC+ production limits in favor of balancing their government budgets, Crude Oil markets are balking at the prospect of even further risks of oversupply as global demand fails to materialize in-line with energy market expectations.", "US Crude Oil stocks rose on a weekly basis once again after the American Petroleum Institute (API) reported a 4.052 million barrel buildup in Weekly Crude Oil Stocks, shrugging off a forecast -1.9 million barrel decline and chewing a significant hole in the previous week’s -6.49 million decline. "
More news about Corn (ZC).
