After six days of going down, the Corn future is stable today, trading around $612.25

CME Corn trades at $612.25 per bushel, after ending yesterday at $613.5.

United States Consumer Price Index is next.

CME Corn's state is reflected by market data as United States Participation Rate (Feb) released yesterday at 13:30 UTC with a figure of 118.3, while the previous figure was 62.4.

Concerning technical analysis and more specifically, trend indicators, the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Momentum evaluation shows that the Relative Strength Index indicates CME Corn is in an oversold condition, which could precipitate a reversal and set up a new bullish phase. Asset volatility analysis shows that the Corn future's upper Bollinger Band® is at $681.17 and the lower is $598.88.

With market volatility ebbing, the current technical outlook indicates CME Corn will remain range-bound for the immediate future.

Meanwhile, mixed performances are seen in other Grains as Rough Rice is up 1.08% to $16.85.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Retail Sales expected to decline to -0.3% while its preceding data was 3%, data will be available tomorrow at 12:30 UTC. Tomorrow at 12:30 UTC data for United States Core Retail Sales will be released, with an expected decline to -0.1% from the preceding figure of 2.3%. United States Producer Price Index projected to come out at 0.3% — worse than previous data of 0.7%; data will be released tomorrow at 12:30 UTC.

Trading mostly sideways for a month. The current year has not been the best for CME Corn as it lost 8.77% from its highest point of $818.25.