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Pro Farmer reports the April WASDE cut 2024-25 U.S. corn carryover by 75 million bushels to 1.465 billion, 45 million below trade estimates. Soybean carryover fell to 375 million bushels, and wheat carryover rose to 846 million.
Early market reaction was muted, with corn trading 2 to 5 cents higher by midday.
A lower corn carryout supports corn prices and feed costs, but the muted early reaction suggests the market had partly priced in the cut.
profarmer.comPro Farmer EditorsApr 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.
After 747 past bullish report events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), 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.
