
The monthly USDA report published on Tuesday lifted Matif and Chicago grain futures, halting several sessions of declines. Spanish domestic cereal prices stabilised slightly higher, though maize was still expected to face further downward pressure amid comfortable supply and cautious buyers.
The USDA-driven rebound offers short-term support to grain prices, but ample supply and cautious buying keep maize under pressure, so feed buyers can expect limited relief on corn costs.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.