CME Corn trades at $675.75, disappointing United States Crude Oil Inventories data

Published: January 25 2023, 19:16 GMT+0

CME Corn trades at $675.75, disappointing United States Crude Oil Inventories data

CME Corn today at a glance: without a clear-cut direction, Corn is trading around $675.75 per bushel and ranging between $673.75 and $681. United States's Crude Oil Inventories new data released of 533,000 below its previous figure.

Soybeans is up 1%. Rough Rice is trading around $18.16 (down 6.5 cents).

Highly important Crude Oil Inventories data from United States beat analyst expectations of 971,000 with a reading of 533,000. United States 5-Year Note Auction released today at 18:00 UTC with a figure of 3.53, while the previous figure was 3.973. United States Cushing Crude Oil Inventories released today at 15:30 UTC with a figure of 4.27 million, while the previous figure was 3.65 million.

United States Core Durable Goods Orders expected to decline to -0.2% while its preceding data was 0.1%, data will be available tomorrow at 13:30 UTC. Tomorrow at 13:30 UTC data for United States GDP will be released, with an expected decline to 2.6 from the preceding figure of 3.2.

Trading mostly sideways for a month. CME Corn is up 20.36% from the significant low of $562.5 it hit 6 months ago.

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