
Pro Farmer's quarterly corn update reports 2024-25 ending stocks of 1.533 billion bushels, above its July forecast, with strong ethanol and export demand. Pro Farmer raised its 2025 yield estimate to 182.7 bushels per acre, below USDA's 186.7 September figure, and expects USDA yield assumptions to fall once it updates.
Higher-than-expected carryout and record US corn acres point to ample feed corn supplies, though a possible USDA yield cut could tighten them. Price implications are mixed and mostly limited to longer-term outlooks.
After 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.