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A CoBank economist warns that a record US corn crop will strain grain storage this fall, with bunker space in short supply. He notes that stalled China trade talks add to the pressure on markets.
Expected abundant corn supply and limited storage point to weaker cash corn basis and downward pressure on prices into harvest.
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.
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.