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Reuters reports that U.S. corn supply estimates in the April USDA report came in well below initial projections, supporting the Chicago corn rally. Corn stocks-to-use for 2024-25 is put at 9.6%, a three-year low, down from 11.8% in 2023-24.
A stocks-to-use ratio at a three-year low signals tighter corn supplies and supports prices for feed buyers. The rally reflects the USDA cut rather than a new cause.
reuters.comKaren BraunApr 10, 2025After 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.
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.
