A slow down? After three days of going up, Corn is flat today, hovering around $586.25.

A mostly flat day so far for the Corn future, ranging between $583.5 and $592.5; currently at $586.25 per bushel.

United States Pending Home Sales didn't cause a noticeable effect even though it falls short expectations with 0%.

CME Corn's state is reflected by market data as highly important Pending Home Sales data from United States beat analyst expectations of 0.5% with a reading of 0%. Data for United States GDP released today at 12:30 UTC is better than expected with 1.3, but worse than previous figure of 2.6. Highly important Initial Jobless Claims data from United States beat analyst expectations of 250,000 with a reading of 229,000.

Support/Resistance levels obtained from chart analysis indicate that Corn is approaching key support, around $8.33 away from $577.92. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

Meanwhile, mixed performances are seen in other Grains as Oats goes up 3.18% to trade around $340.25.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as as things stand, upcoming United States Core Durable Goods Orders data is projected to fall short of market expectations with newly published data of 0%, following on from the preceding figure of 0.2%. New data is set to be published tomorrow at 12:30 UTC. United States Core PCE Price Index (MoM) (Apr) is scheduled for tomorrow at 12:30 UTC.

The Corn future is now trading 6% above the significant low ($554) it slumped to 4 days ago.