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The European Commission cut its EU corn balance sheet again, lowering production by 1.3 Mt to 47 Mt. Opening stocks were reduced by 190 kt to 20.3 Mt, and livestock feed use was raised by 100 kt to 34.3 Mt.
End-of-season stocks are forecast to fall 6.8 Mt to 13.5 Mt, the lowest in more than ten years.
A sharp drop in EU carryout stocks with unchanged imports tightens the market for feed buyers and supports corn prices. Buyers may need to source more from outside the EU, which could pull up import prices.
terre-net.frMarius GarrigueNov 3, 2026After 1,039 past bullish report events, CORN moved a median +0.6% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
