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Corn Futures Bearish Momentum With A 5% Fall In The Last 10 Sessions

ViaNews Editorial Team

January 17, 2024

Corn Futures Bearish Momentum With A 5% Fall In The Last 10 Sessions
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(VIANEWS) - Corn (ZC) has been up by 5.14% for the last 10 sessions. At 01:56 EST on Wednesday, 17 January, Corn (ZC) is $442.75.

Volume

Today's last reported volume for Corn is 5384, 95.93% below its average volume of 132373.15.

Volatility

Corn's last week, last month's, and last quarter's current intraday variation average was a negative 1.25%, a negative 0.38%, and a positive 2.50%, respectively.

Corn's highest amplitude of average volatility was 1.25% (last week), 0.78% (last month), and 2.50% (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 continues to churn on rebel attack concerns, WTI roils near $72. According to FXStreet on Tuesday, 16 January, "November's increase in Canadian Crude Oil production makes Canada the fourth-largest producer of barrels globally.", "WTI is up a scant 5.7% from December's bottom bids near $67.97, and limited topside recovery sees US Crude Oil still down nearly 24% from last September's peak bids near $94.00."

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.