A USDA report surprise sent corn futures sharply lower, with December futures falling below $5 per bushel for the first time in six weeks. Prices have since stabilized, but the report leaves an unresolved supply question through harvest.
A larger-than-expected supply estimate pressures corn prices and lowers feed grain costs for buyers, with volatility likely to persist until harvest clarity.
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.
Not enough comparable past events yet for a historical read.
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.