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Corn futures fell as much as 6% to $4.7025 a bushel, the lowest since August 11, after USDA's crop estimate came in well above analyst expectations. Production is put at about 16 billion bushels, up 1% from last month versus an average trade guess of 15.73 billion.
A much larger-than-expected crop estimate increases near-term corn supply, pressuring corn prices and lowering feed grain costs for buyers.
businessmirror.com.phOct 28, 2026After 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.
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.
