
Chicago maize futures fell about $11.91/t in the week to April 28 after the USDA reported Chinese cancellations of 233,000t and earlier 327,000t of U.S. maize. Brazilian maize offered at low prices is adding competition, and UK feed wheat futures also fell in sympathy.
Losing Chinese purchases removes a key source of U.S. export demand and drags wheat and corn lower. Cheap Brazilian supply adds further pressure on U.S. export prices.
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 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% 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.