
Chicago corn futures extended their rally to a 14-month high as U.S. export demand strengthened. Corn rose for a fifth straight day, the longest run since June 2019, while wheat also climbed on robust global use and weather problems.
Heavy U.S. export sales draw down stocks and support cash and futures prices for feed grains. Buyers should expect firm corn costs while export demand persists.
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.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% 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.
Corn's fifth straight daily gain to a 14-month high on export demand shows momentum going into Monday's jump, though the event predates the move.