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Chicago corn futures touched a four-month low of $4.48 per bushel on October 30. Favorable growing conditions in the US Midwest led traders to expect a larger crop and supply.
Bigger US corn supplies weigh on feed grain prices, lowering costs for feed buyers and pressuring the corn complex. The article reflects routine price action with no new cause.
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.