
USDA's January Feed Outlook, released January 14, 2025, lowered U.S. corn production 276 million bushels to 14.867 billion and cut ending stocks by nearly 200 million to 1.5 billion bushels. Season-average corn price was raised $0.15 to $4.25, and sorghum production was raised to 343.9 million bushels.
Lower U.S. corn stocks and a higher season-average price tighten feed-grain supplies, supporting corn and feed costs for buyers.
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.