Upwardly mobile the Corn future extends gains by $14.25; closes session 2.41% higher

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

Nevertheless, United States Core Durable Goods Orders fell short of the 0% projections, with new data of -0.2%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. Fresh CFTC Crude Oil speculative net positions data from United States came out at 193,100.

Rallies can also be seen in other Grains, Rough Rice added 2.86% and closed around $16.6 yesterday. Oats went up by 2% yesterday, and closed at $342.75. Notably, Soybeans rose 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.