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Corn futures closed 3–4 cents lower, with December reaching a four-month low, as money managers sold nearly 79,000 contracts and turned net short. The market awaited USDA crop estimates; the analyst anticipated higher U.S. production and stocks, noted export inspections below the pace needed to meet USDA’s forecast, and cited a 110,000-tonne corn sale to Mexico.
Soybeans were slightly lower, meal was steady to higher, and soybean oil declined.
Heavy fund selling, weak year-to-date U.S. export inspections and expectations for larger production and stocks create bearish pressure on corn, increasing the prospect of plentiful feed supply. The Mexico sale and USDA’s pending estimates may temper or confirm that outlook.
admis.comMark SoderbergNov 9, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
