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Corn Futures Hit 3-Month Low

Grade Bbearish AI signal$CORN
US corn futures dropped to approximately $4.42 per bushel, hitting a three-month low as expectations for the country's second-largest corn crop on record and weakening export shipments pressured prices. US export shipments fell 48.3% year-on-year to 884,766 metric tons, despite fresh sales of 315,000 tons to Mexico and 136,000 tons to South Korea. Expectations of abundant supplies and stronger competition from rival exporters could keep corn futures under further downward pressure.

Bullish strength: 25/100

  • USDA reported 315,000 metric tons in new corn sales to Mexico.
  • South Korea purchased 136,000 metric tons of US corn.
  • Weekly export shipments increased 38.6% from the previous week.

Bearish strength: 75/100

  • Corn futures reached a three-month low near $4.42 per bushel.
  • USDA forecast the second-largest US corn crop on record.
  • US corn export shipments fell 48.3% year-on-year to 884,766 metric tons.
  • Strong competition from other major exporters is pressuring US export demand.
  • The US harvest was 74% complete as of November 1.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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