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December corn futures closed below $5 on October 2 at $4.97 3/4, down 30 1/2 cents for the week. Funds had built a large long position, and they exited after USDA's larger-than-expected quarterly stocks and disappointment over China's farm purchase details.
US export demand has slowed over the past four to five weeks.
Fund liquidation and slowing export sales pressure corn prices, and the market is watching how USDA treats feed and residual use in the new-crop balance sheet. Lower corn prices reduce feed costs for livestock buyers.
agweb.comMichelle RookOct 2, 2026Not 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.
