
Corn futures fell 10.6% in October, their sharpest monthly decline since June 2023, after rising to a three-year high in September. A larger U.S. harvest, weaker export shipments and easing concerns about Black Sea supply disruptions contributed to the retreat; USDA reported that 60% of the U.S. crop had been harvested by late October.
More harvested U.S. corn adds near-term supply while softer exports and reduced concern about Black Sea disruption lessen competition for U.S. grain, weighing on corn prices.
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.