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Corn futures traded mixed, with a private USDA export sale of 1.73 million tonnes to Mexico reported. Weekly export shipments were 48% below last year's pace, and managed money reduced its net long position.
Mexico's purchase supports US export demand, but shipments lag last year and fund selling limits price support. Net effect on feed corn prices is roughly neutral.
barchart.comAustin SchroederNov 2, 2026barchart.comAustin SchroederNov 2, 2026After 65 past neutral trade events, Live Cattle moved a median +0.3% over 5 sessions (57% higher; middle half -0.5% to +1.4%), and +2.5% over 20.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 14 past neutral trade events, Feeder Cattle moved a median +0.1% over 5 sessions (50% higher; middle half -1.0% to +1.3%), and +1.2% 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.
