It's been more of the same this session on the back of 9 days of flat trade, Today's session so far looks to be heading in a similar way — Corn trades at $647.75 per bushel, after ending yesterday at $647.25.
United States Building Permits (Nov) is next.
Corn's upper Bollinger Band® is at $675.91 and the lower is $630.62.
Despite muted price action in CME Corn, chart analysis indicates it is positioned for a bullish run in the short term.
Meanwhile, mixed performances are seen in other Grains as Rough Rice descends 0.49% to trade around $17.38.
Data to be released later is expected to clarify investor sentiment while boosting price action volatility as projections for United States Crude Oil Inventories are set for a continuation of decline with -167,000 while previous data was 10.23 million; data will be released tomorrow at 15:30 UTC. United States Existing Home Sales (Nov) scheduled to come out tomorrow at 15:00 UTC. United States Building Permits (Nov) will be released today at 13:30 UTC.
Trading mostly sideways for a month. Over the past 7 months, CME Corn has retreated 20.9% from a noteworthy peak of $818.25.