Corn futures hit lowest close since August 11.

December Corn futures settled lower after failing to confirm the prior session's reversal, marking the contract's lowest close since August 11 and pushing the Relative Strength Index into oversold territory at 25%. Ted Seifried of Zaner Ag Hedge breaks down the technical action alongside evolving harvest feedback and fresh export data. While initial harvest reports pointed to widespread yield drag, more recent field results have arrived mixed with better-than-feared yields, suggesting potential downward revisions to national average yield in upcoming USDA reports may be less severe than early harvest estimates implied. On the demand front, lower price levels stimulated renewed overseas interest, with weekly export sales reaching 1.527 million metric tons to top the projected range of 700,000 to 1.5 million metric tons.