Corn Futures Surge as US-China Tariff Truce Fuels Export Optimism

The price of Corn Futures (ZC) has surged by 1.88% to $528.87, as traders react to the extension of the U.S.-China tariff truce on U.S. farm products.

This move preserves critical export access for U.S. corn into the Chinese market and reduces downside export risk, supporting buying interest among traders.

However, despite the upward momentum, ZC is still trading below key short- and medium-term moving averages, indicating weak technical strength.

The Ichimoku Kijun level stands as immediate resistance at $529.75, while the MACD and ADX show bearish momentum with sell pressure continuing.