The Corn future trades at $603 per bushel, after ending yesterday at $604.
United States Consumer Confidence is next.
Trend analysis indicates that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. According to asset volatility analysis, Corn's upper Bollinger Band® is at $613.69, suggesting that a downward move may follow.
Overall, while Corn has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Meanwhile, mixed performances are seen in other Grains as having closed the previous session at $17.07, Rough Rice is up 1.41% today to currently trade at around $17.31. After ending yesterday's session at $1,337.25, Soybeans lost $16.75 and is trading around $1,320.5.
Furthermore, the market is looking at projections for United States Consumer Confidence are set for a continuation of decline with 99 while previous data was 101.3; data will be released today at 14:00 UTC. United States JOLTs Job Openings (Apr) scheduled to come out tomorrow at 14:00 UTC.
CME Corn is up 9.03% from the significant low of $554 it hit 9 days ago.