OctaFX | OctaFX Forex Broker
Open trading account
Back

Corn futures gain for the fourth consecutive day

FXStreet (Mumbai) - Corn futures are up for a fourth day on speculation that a blast of cold weather shall boost demand for animal feed.

Corn for December delivery traded 1.58% higher at USD 3.8438/bushel at the time of writing. As per the National Weather Service An arctic air mass will push temperatures as low as 4 degree Celsius below normal in the northern and central U.S. this week. Thus, it is expected that ranchers will increase Corn and Soybean feed as the animals burn more energy to stay warm.

Corn Technical Levels

Corn has an immediate resistance at 3.9912, above which prices can rise to 4.00. Meanwhile, support is seen at 3.7625 and 3.71.

USD/JPY steady around 115.50 – FXStreet

Valeria Bednarik, Chief Analyst at FXStreet highlights that USD/JPY has lost the strong upward momentum as it trades steadily around 115.50.
Read more Previous

Euro more stable against USD - BTMU

Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ sees the euro being more stable against the US dollar so far during November as there has since been little follow through to the downside for EUR/USD after breaking below the 1.2500-level.
Read more Next
Start livechat