After closing the previous trading day at $620.75, Corn is up to $624 per bushel, which makes for a move of 0.52%/$3.25 today.
The Corn future is currently trading at $624 following the release of Producer Price Index data from the United States.
Rallies can also be seen in other Grains, Rough Rice is up 0.26%.
While the Corn future is appreciating, other Grains are comparatively not doing so well — after ending yesterday's session at $349, Oats lost $3.5 and is trading around $345.5.
Today's gains are adding to bullish investor sentiment as robust macro data is expected for release later today; United States Initial Jobless Claims is projected to outperform its last figure with 205,000. It previously stood at 211,000; data will be released tomorrow at 12:30 UTC.
Also worthy of note, United States Philadelphia Fed Manufacturing Index (Mar) will be released tomorrow at 12:30 UTC. United States Building Permits (Feb) scheduled to come out tomorrow at 12:30 UTC.
Trading mostly sideways for a month. So far this year, Corn has declined 8.68% while touching highs around $818.25 earlier this year.