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The International Grains Council reported that its world maize price index fell 6% and nearby US futures dropped 10% month on month. The declines followed larger-than-expected US quarterly stocks and a USDA upward revision to 2026-27 US yield and production.
Fob Gulf maize was assessed $23 lower at $229.
Higher US production and stocks push global maize export prices lower, which eases feed costs for importers. Strong South American export demand and wet harvest conditions limit the downside.
indexbox.ioOct 21, 2026After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
