Commodity traders stay bullish as CME Corn adds $14.25 or 2.41%

A quick look at yesterday: 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.

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

CME Corn hit a significant low of $554 around 6 days ago, but has since recovered 6.63%.