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Texas grain prices improved from midsummer levels after USDA's September report cut the national corn yield estimate to 178.5 bushels per acre from 181.8 in August. The yield remains a record, and the report followed a hot, dry August and Iowa windstorm damage.
The lower USDA corn yield tightens the outlook for corn supplies and supports corn feed prices, though a record yield limits the upside.
agrilifetoday.tamu.eduAdam RussellSep 16, 2020After 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.
