Loading…
ING reports that USDA's January WASDE cut US corn yield from 183.1 to 179.3 bu/acre and soybean output below expectations. Corn 2024/25 ending stocks fell to 1.54bn bushels, and CBOT corn reached its highest level since December 2023 while soybeans reached their highest since October.
Tighter US and global corn balances point to higher corn and soybean prices, which increases feed ingredient costs for buyers.
think.ing.comWarren PattersonJan 13, 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.
