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The USDA's June 12 World Markets and Trade report showed export bids falling for all major coarse grain origins. Good crop conditions and upward revisions to production forecasts weighed on prices, while U.S. corn kept winning some Asian sales.
Ample world supply and falling export bids pressure corn prices, which lowers feed grain costs for buyers.
After 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.
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.