
Corn prices fell 10.6% in October 2026, their steepest monthly decline since June 2023, after a 6.9% drop in September. The selloff followed faster-than-expected US harvest progress and easing Black Sea supply concerns.
Weaker export momentum and rising global stocks also eroded speculative price premiums.
Ample new-crop US supply and softer export demand lower corn costs for feed buyers, though price direction will depend on export flows. The move reflects a routine price adjustment rather than a new supply shock.
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.