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A Japanese market commentary cites an Illinois Farm Bureau survey from October 29–30 showing most producers expect lower corn yields than last year and better soybean yields. It also notes weak new US corn export sales to Japan and South Korea in recent weeks.
Weak Asian export demand for US corn, combined with a harvest that is nearly complete, adds bearish pressure to corn prices, though lower yields in Illinois offer some support.
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.