CBOT corn futures ease as traders take profits after USDA-driven rally
CBOT corn futures slipped on Wednesday after a sharp rise on a USDA report, with profit-taking and technical selling weighing on prices. Reuters reported the move.
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what happened
Corn futures on the Chicago Board of Trade edged lower on Wednesday as traders booked gains and sold on technical signals, Reuters reported. The day before, prices jumped after the US Department of Agriculture's monthly report cut its forecast for the American crop by more than analysts had expected and tightened the end-of-season supply estimate.
The same report, however, reduced the export forecast and raised production estimates for competing South American growers. The December contract, CZ26, settled one cent lower at $4.48 a bushel. Prices ran into resistance near the 20-day moving average and could not break above Tuesday's high.
why it matters
For grain markets, the bullish signal from the USDA report has not yet held: a smaller US crop is offset by weaker exports and more supply from South America. With prices stalled at technical resistance, traders will watch the agency's next updates closely.
market impact
Corn: mixed USDA signals, with futures taking profits after the rally.
- CBOT corn futures pressure down — profit-taking and technical selling after Tuesday's rally
tags
instruments
sources
- CBOT corn eases on profit taking, technical selling — Reuters, 11 November 2026 at 19:49 UTC
- CBOT soybeans end lower on profit taking, technical selling — Reuters, 12 November 2026 at 20:02 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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