In yesterday's USDA report, the agency's experts estimated the corn harvest and ending crops to be higher and the demand for cereals weaker. As a result, the prices of the CBoT corn futures are falling this morning.
Maize traders in Singapore also point to a higher maize harvest in Brazil. Large harvests are therefore not only expected in the USA. Because of the corona crisis and African swine fever, however, demand will decrease.
Yesterday's USDA report expects the 2020/21 season's corn end-to-end levels in the United States to peak at 3.318 billion bushels since 1987/88. Crude oil prices are falling because a second wave of corona is expected in the countries where restrictions are now being relaxed. Crude oil stocks in the United States are already increasing again. 
Source
Hansa Terminhandel GmbH
