
Corn futures fell to around $4.42 per bushel, their lowest level in three months, as expectations of a large US crop and weak export demand weighed on prices. The US harvest was 74% complete as of November 1, still three points behind the five-year average.
USDA reported new sales to Mexico and South Korea, but weekly export shipments were down 48.3% from a year earlier.
A large US crop forecast and slow export shipments add to ample supply, pressuring corn prices and cheaper feed grain for buyers, while competition from other exporters limits US sales.
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.