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December corn fell 4 1/4 cents to $4.40 and closed at a four-month low as risk aversion across US stock markets pressured futures. USDA reported weekly corn export sales of 1.295 MMT for the week ended Oct.
29, and dry weather is helping the late harvest advance.
Harvest progress and steady export sales point to ample nearby corn supply, which keeps feed corn prices under pressure for buyers. Lower soybean futures also weighed on corn.
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.