
December 2026 corn rebounded to unchanged at $4.42 1/2 after hitting a fresh four-month low. Speculative funds sold about 12,000 contracts, cutting their net long to 51,000, and StoneX raised its 2026 US corn crop forecast by 88 million bushels to 16.203 billion with a 183.1 bpa yield, above the USDA's 16.034 billion and 181.2 bpa.
A larger US crop estimate than USDA's adds supply comfort and fund liquidation weighs on prices, supporting a bearish corn outlook.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.