Chicago corn futures fell as much as 0.9% to their lowest level since early July after StoneX raised its US corn production estimate to about 16.2 billion bushels from 16.1 billion. Soybean and wheat futures also declined, by up to 1% and 1.4%, respectively.
A larger US crop estimate adds to expected supply and pressures corn and feed grain prices, while hopes for Russia-Ukraine peace talks add to bearish sentiment in wheat and corn.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.