Copper Price And Copper Market Sentiment, Palladium Seeing Some Stability And The Factors Affecting Corn Prices

Saxo Bank: "Technical Update - Copper & Iron Ore"

How the bullish prediction of Copper’s market sentiment helps us predict the current economic market.

Copper is highly volatile and has high liquidity, making this commodity attractive to traders. Copper is sometimes used as a tool to predict current market conditions, a change in the price of copper can sometimes suggest either global growth or perhaps a potential upcoming recession. Over the past year copper prices have been rising, in the past month the prices have been more volatile. As of today, since the market opened this morning the price of copper reached a high of 4.76802 beating yesterday's high price.

Copper market sentiment, Palladium seeing some stability and the factors affecting Corn prices - 1

Price of Copper Chart

Related article: Wheat Futures Prices Influenced, By Weather, Naturally!

Palladium as an alternative to Platinum and its performance in the current market.

At the start of the Russia-Ukraine conflict, the price of Palladium skyrocketed, since then the price has somewhat normalized. Since the market opened today, the highest price of palladium is $2419.50.

Copper market sentiment, Palladium seeing some stability and the factors affecting Corn prices - 2

Price of Palladium Chart

Related article: ECB To Shock Markets In The Following Week!? US Dollar Rate Under Pressure As Well!

What is happening with Corn?

The price of corn is largely correlated with the prices of other agricultural products such as wheat and barley. The price of corn also affects the profitability of the cattle industry.. This price of corn is affected a lot by the adverse weather conditions in the regions of main corn production, even the slightest weather abnormality can largely affect the price of this commodity. Therefore, The price of corn futures has not seen much stability in the past month. Since the market opened today, the price of corn has reached a high of $771.06.

Copper market sentiment, Palladium seeing some stability and the factors affecting Corn prices - 3

Corn Price Chart

Sources: Finance.Yahoo.com, Naga.com

Saxo Bank: "Technical Update - Copper & Iron Ore"

Rebecca Duthie

Remote Editor and writer Intern
FXMAG.COM

Rebecca has a bachelors degree in Investment Management, a Post Graduate Diploma in Financial Planning and is currently enrolled in a Masters program in International Management with a Specialization in International Finance.