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A Rabobank analyst said global corn prices are under pressure from expected large U.S. and Brazilian crops. He added that low global stocks could limit downside, and that U.S. yield estimates carry weather risk.
Large crop expectations are bearish, but tight global stocks and yield risk could firm prices, so the net direction is uncertain for feed buyers.
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.