
On June 11, 2026, July corn futures fell 7 1/4 cents to $4.11 3/4, a contract low, after the June WASDE raised 2025-26 ending stocks to 2.145 billion bushels, 8 million above expectations. USDA kept the 2026-27 outlook nearly unchanged with a $4.40 season-average farm price.
Conab cut its Brazilian safrinha corn estimate to 107.87 MMT from 108.45 MMT.
A bigger-than-expected old-crop stocks figure and favorable US growing weather add bearish pressure on corn, partly offset by the smaller Brazilian safrinha crop estimate that supports export demand for US corn.
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.
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.