
Analysts expect ample US feed supplies in 2025 and lower feed prices, with USDA forecasting a 2025 corn planting of 94 million acres, up about 4%. USDA also projects a farm corn price near $4.20 per bushel, down roughly 4% from 2024.
Expected larger corn acreage and lower prices point to cheaper feed ingredients for dairy and livestock buyers, with bearish pressure on corn and softer soybean demand given a smaller soybean acreage forecast.
After 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.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% 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.