Bullish sentiment helps propel the Corn future to 2.41% gain

Today at a glance: Corn rallied $14.25 (2.41%) deep into the session, closing at $605 per bushel.

On the flip side, data from United States concerning Core Durable Goods Orders was released today at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month. United States Pending Home Sales improved upon its previous reading of -5.2% with a new data release of 0%.

At the same time, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3.

Rallies can also be seen in other Grains, Rough Rice is trading around $17.07 after ending today's session at $16.6 (up 2.86% today). Oats is trading around $342.75 after ending today's session at $336 (up 2% today). Soybeans rises 0.93% today and closed at $1,324.

Corn is now trading 6.63% above the significant low ($554) it slumped to 5 days ago.