
Corn and soybeans closed higher on November 13, with beans up 12-13 cents and meal up $3-4. USDA raised its Brazil corn forecast to 141 mmt, Conab kept Brazil at 148 mmt and cut its export forecast, and USDA announced a flash sale of 303,300 tons of corn to Mexico.
A flash sale to Mexico and firm export sales support corn and meal demand, while the gap between USDA and Conab Brazil estimates keeps South American supply a key price swing factor.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.