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U.S. corn demand remains relatively strong, supported by heavier cattle weights and longer feeding periods, ethanol use and exports. Those demand sources are competing with a larger supply outlook after September grain stocks exceeded expectations and USDA raised its October yield estimate, which has pressured futures during harvest.
Strong feed, ethanol and export use helps absorb the larger crop, but the increase in projected supplies is currently 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.