
Weak US export sales are raising concern that corn could fall toward or below $4 per bushel, similar to 2019 levels. The article says sluggish shipments are signaling slowing demand as Brazil's soybean harvest ramps up.
Slowing US export demand and competition from Brazil and Argentina point to downside price pressure for corn and related feed ingredients.
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, SOY 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.