Corn futures hit three-week highs as dollar dips

Economies.com
2017-12-27 21:17PM UTC

Corn futures rebounded for the sixth straight session away from November 15 lows, marking thereafter the highest since December 5, as the dollar index dipped to the lowest since early December, following earlier data from the US, the world's largest corn producer and exporter. 

 

As of 09:59 GMT, corn futures due on March 15 rose 0.28% to $3.5375 from the opening of $3.5275, while the dollar index slipped 0.24% to 93.04 from the opening of 93.26. 

 

Earlier US data showed pending home sales rose 0.2% in November, slowing down from 3.5% in October, while analysts expected a 0.4% dip.

 

On a yearly basis, sales slowed down to 0.6% from 11.2%. 

 

The CB Consumer Confidence survey fell to 122.1 in December from 128.6, revised from 129.5, while analysts expected 128.2. 

 

The US Department of Agriculture's latest monthly report cut inventory forecasts to 2,437 million bushels from 2,487 million in November forecasts, while analysts expected 2,478 million. 

Commodities News

Copper News

Commodities

Copper edges up while facing pressures from Chinese demand concerns
2024-03-28 16:45PM UTC
Copper prices rose modestly on Thursday while the dollar gained ground, with ongoing concerns about ...
Oil News

Commodities

Oil prices extend gains after strong US growth data
2024-03-28 13:03PM UTC
Global Oil Prices Global oil prices extended their gains in American trade on Thursday and hit ...
Gold News

Commodities

Gold climbs as dollar stabilizes ahead of important data
2024-03-27 21:29PM UTC
Gold prices rose on Wednesday as markets await important US data this week while the dollar trades ...

Commodities Technical Analysis

Oil Analysis

Commodities

End of day crude oil price forecast update - 28-03-2024
2024-03-28 17:43PM UTC
Crude oil price breached 82.40$ strongly to rally upwards and approach our waited target at 83.56$, ...
Brent oil Analysis

Commodities

Brent oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Brent Oil Price Analysis Brent oil price fluctuates within tight track since morning, settling ...
Oil Analysis

Commodities

Crude oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Crude Oil Price Analysis Crude oil price settles around 82.00$ level since morning, and ...