
CBOT corn futures were expected to open 1–2 cents higher as a weaker dollar improved the competitiveness of US crops. StoneX had raised its US corn and soybean harvest estimates, while traders awaited next week's USDA estimates and weekly export-sales data.
Wheat was also expected to open higher, although stronger Black Sea export expectations continued to weigh on it; Ukrainian rail grain exports rose 26% month over month in October to 1.08 million tonnes.
A weaker dollar can boost export competitiveness, lending modest support to US corn, while higher crop estimates point to greater supply and may limit gains. Increased Ukrainian grain movement adds to wheat export availability and weighs on wheat prices.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
After 39 past bearish trade events, US Dollar (Broad) moved a median -0.4% over 5 sessions (26% higher; middle half -1.1% to +0.0%), and -0.8% 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.