
December corn futures fell 5 3/4 cents to $4.42 1/2 and closed at a new four-month low, with losses in soybeans and wheat spilling over. USDA reported export sales of 315,000 MT to Mexico and 136,000 MT to South Korea for 2026-27, and harvest hedge selling continued.
Harvest-related hedging and technical selling are pressuring corn prices, while steady export demand provides limited support. Ample South American estimates and favorable U.S. harvest weather keep the bias bearish for feed corn costs.
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.