
The USDA April Feed Outlook lowered 2024-25 U.S. corn ending stocks by 75 million bushels to 1.465 billion bushels on higher exports and lower feed use. The season-average farm corn price was held at $4.35/bu, while the sorghum price was cut 5 cents to $4.10/bu.
Reduced U.S. corn stocks from strong export demand tighten the feed grain balance and support corn and sorghum values, while lower sorghum price expectations reflect discounts to corn.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.