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March corn futures moved toward the August low near $4.10 as the market digested USDA's January record yield, production and harvested acreage figures. Analysts said the market needs more demand to absorb the extra supplies, and funds are adding short positions.
Record supplies and fund selling point to continued downside pressure on corn prices, with $4.00 cited as the next target if August lows break.
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.