
USDA's January Feed Outlook cut 2024-25 U.S. corn production by 276 million bushels to 14,867 million on a 2% lower yield of 179.3 bushels per acre. Sorghum production was raised on higher harvested area and yields, leaving sorghum ending stocks roughly unchanged.
A smaller U.S. corn crop tightens feed-grain supplies and lifts corn prices, while higher sorghum output partly offsets the feed-grain tightness.
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.
Not enough comparable past events yet for a historical read.
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.