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CIH's summary of the January 2025 WASDE describes lower corn production from a 3.8 bu/acre yield cut to 179.3 bu/acre and a 276 million bushel reduction. Corn ending stocks fell to 1.540 billion bushels, below pre-report estimates, and global corn production was cut by 4.8 million metric tons.
Reduced US and global corn supply and lower ending stocks point to firmer corn prices, while South American crop prospects remain a key watch item.
cihedging.comJan 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, Soybeans 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.
