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DTN analyst Rhett Montgomery says the 2024-25 grain outlook hinges on whether large supplies or strong demand prevail. U.S. corn ending stocks are held under two billion bushels as sales commitments run ahead of USDA export estimates, though Chinese corn purchases are down 86% from 2021 and Mexico accounts for 41% of commitments.
Strong export commitments, especially from Mexico, could support corn prices if USDA raises its export estimate, while reliance on a single buyer and weak China demand add downside risk.
producer.comSean PrattJan 3, 2025After 480 past neutral trade 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.
