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Michigan market specialist Ken Lake says corn prices have gained nearly $1 per bushel from August lows, with cash values up over 17%. The January 10 USDA WASDE and final production and stocks reports are expected to be pivotal for price direction.
Traders expect USDA data to confirm a smaller crop and tighter stocks; a confirmation would support corn prices, while a surprise could trigger a correction lower ahead of 2025 planting.
michiganfarmnews.comFarm News MediaJan 6, 2025After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
