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Global corn stocks-to-use excluding China is estimated at 7.8% for 2024-25, the lowest since 1995-96. That compares with a four-year average of 9.2% and a 20-year average of 11%.
Historically tight world corn supplies give strong support to feed corn prices and make importers more exposed to supply shocks.
After 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.