Corn futures fell to a three-week low near $5.20 per bushel as broad grain selling intensified after China excluded soybeans from proposed US tariff reductions. Corn was included in the cuts but no new US corn purchase commitments were announced.
Weak export expectations and spillover selling pressure lower feed grain prices in the near term, though harvest progress is ahead of average.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
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.