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Corn Futures Bullish Momentum With A 4% Rise In The Last 5 Sessions

Corn Futures Bullish Momentum With A 4% Rise In The Last 5 Sessions
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(VIANEWS) - Corn (ZC) has been up by 4.8% for the last 5 sessions. At 11:52 EST on Thursday, 4 April, Corn (ZC) is $447.25.

Volume

Today's last reported volume for Corn is 53266, 58.77% below its average volume of 129213.43.

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 Tuesday, 2 April, "Spot prices currently trade around the 1.3580 area and remain supported by some follow-through US Dollar (USD) buying, though bullish Crude Oil prices might cap any further gains.", "Meanwhile, Crude Oil prices stand tall near a five-month high touched on Monday amid signs of improved demand and the risk of a further escalation of tensions in the Middle East. "
  • According to FXStreet on Thursday, 4 April, "Against the backdrop of Ukrainian attacks on Russian refineries, which have cut fuel supply, the risk that the Israel-Hamas war may spread to include Iran and disrupt supplies in the key Middle East region acts as a tailwind for Crude Oil prices. ", "West Texas Intermediate (WTI) US Crude Oil prices enter a bullish consolidation phase during the Asian session on Thursday and oscillate in a narrow trading band near the highest level since October 2023 touched the previous day. "

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.