Corn Price Falls for Fifth Straight Day, Analysts Watch Market Ahead of WASDE Report

Corn's price has fallen for five consecutive days, marking its longest losing streak since June. This trend is concerning analysts who are now watching how the market reacts to Friday's WASDE report.

StoneX's yield estimate and the average analyst forecast show a growing gap, with StoneX predicting lower yields than expected. The spread between these two estimates has increased over time, indicating that the market may be pricing in some potential losses ahead of the WASDE report.

Soybeans are also showing signs of weakness, as both corn and soybean markets have become heavily skewed long. This means that there is a higher risk of liquidation in these assets, which could lead to significant price swings.