Bullish the Corn future runs out of steam at $606.75; currently at $605 per bushel

Yesterday 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 yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

A look at other Grains also shows upside as notably, Rough Rice rose 2.86% yesterday and closed at $16.6. Oats added 2% and closed around $336 yesterday. Soybeans increases 0.93% yesterday and closed at $1,324.

Corn has recovered 6.63% since descending to a significant low of $554 around 6 days ago.