
Corn futures were fractionally higher Tuesday morning after closing lower the previous session. USDA data showed the U.S. harvest 81% complete and weekly corn export shipments below the year-earlier level; traders awaited Crop Production and WASDE reports, with analysts expecting lower U.S. yield and production estimates.
Expected production cuts could tighten projected U.S. corn supplies and support prices, while exports running below last year are a bearish counterweight. The market impact depends on how the USDA figures compare with expectations.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), 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.