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USDA's quarterly stocks report on Sept. 30 raised corn stocks to 1.532 billion bushels, 207 million above the September WASDE projection.
Analyst Jerry Gulke said the increase lifts new-crop carryout to roughly 2.3 to 2.5 billion bushels and questions the reliability of USDA's data-driven reports.
Higher carryout expectations weigh on corn futures and reduce the price support for feed ingredients that compete with corn.
agweb.comOct 4, 2025After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.
