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Corn Futures Bearish Momentum With A 2% Slide In The Last 5 Sessions

ViaNews Editorial Team

January 4, 2024

Corn Futures Bearish Momentum With A 2% Slide In The Last 5 Sessions
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(VIANEWS) - Corn (ZC) has been up by 2.47% for the last 5 sessions. At 04:51 EST on Thursday, 4 January, Corn (ZC) is $464.75.

Volume

Today's last reported volume for Corn is 4742, 96.39% below its average volume of 131428.04.

Volatility

Corn's last week, last month's, and last quarter's current intraday variation average was a negative 1.10%, a positive 2.00%, and a positive 2.48%, respectively.

Corn's highest amplitude of average volatility was 1.10% (last week), 2.63% (last month), and 2.48% (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, 3 January, "The upcoming release of the US EIA Crude Oil Stocks Change and API Weekly Crude Oil Stock data for the week ending on December 29 will be closely monitored on Wednesday. "
  • Crude oil forecast: sees noisy recovery - 03 January 2024. According to DailyForex on Wednesday, 3 January, "Crude oil markets have shown positive signs at the beginning of 2024, indicating a potential resurgence in demand.WTI Crude OilIn the West Texas Intermediate Crude Oil Market, Tuesday's performance was notably optimistic, as it appeared to strive towards the $75 mark."

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.