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University of Minnesota Extension economist Ed Usset says corn prices have given back most of the record August rally seen in December futures. He notes that past years with similar fall declines saw little sustained rebound.
Continued weakness in corn futures leaves farmers holding grain with limited near-term price recovery, which may encourage selling and weigh on 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.