
December corn futures rose 5-1/2 cents to $4.28-3/4, hitting a four-month high early in the session, after reports that the U.S. and China were close to a trade deal. USDA reported weekly corn export inspections of 1.188 million metric tons for the week ended October 23.
Brazil's center-south corn planting was 55% complete, and forecasts called for beneficial Midwest rain.
Speculative buying on trade hopes and steady export inspections support corn prices, while rain easing Midwest drought reduces weather risk to late crops.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
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.