CME Corn trades at $654.75 per bushel, after ending yesterday at $655.
This uncertain state for Corn is reflected by published market data as United States API Weekly Crude Oil Stock released yesterday at 21:30 UTC with a figure of 14.87 million, while the previous figure was 3.30 million. Fresh 3-Year Note Auction data from United States came out at 3.977.
Corn's upper Bollinger Band® is at $682 and the lower is $639.06.
Despite muted price action in Corn, chart analysis indicates it is positioned for a bullish run in the short term.
Meanwhile, mixed performances are seen in other Grains as Soybeans moves 0.25% to trade around $1,488.75. Oats is up 0.73%.
Furthermore, the market is looking at United States Crude Oil Inventories expected to decline to -2.24 million while its preceding data was 1.69 million, data will be available today at 15:30 UTC. United States Core Consumer Prices figure is projected at 0.3%. It previously stood at 0.2%; data will be released tomorrow at 13:30 UTC. United States Consumer Price Index figure is projected at 6.5%. It previously stood at 7.1%; data will be released tomorrow at 13:30 UTC.
Trading mostly sideways for a month. This year has been a gloomy one for Corn after trading as high as $818.25 and going on to lose 2.93% of its value.