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AgWeb describes USDA's April WASDE as largely unchanged from expectations, with corn carryout below 1.5 billion bushels as the main surprise. Major changes were not anticipated in the report.
A corn carryout below 1.5 billion bushels tightens corn supply modestly, which supports feed corn prices, but the report had limited surprise value.
agweb.comAgWebMay 1, 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.
