
Corn futures closed modestly higher on Friday, with December up 3 cents at $4.45 1/2 and the week up 4 cents. USDA reported a private export sale of 303,800 MT to Mexico, and weekly export sales reached a marketing-year high of 2.88 MMT for the week ending 11/5.
CONAB kept its Brazil corn estimate at 148 MMT.
Strong US export commitments, led by Mexico, support domestic corn demand and near-term prices. Brazil's steady crop estimate limits competing supply, though the scale of the sales is a routine signal rather than a new shock.
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.