# Price Above PLC Trigger - Corn South

> Texas A&M's Mark Welch reports that the November WASDE cut US corn production by 118 million bushels, with yield falling to 167 bushels per acre, 3% below trend. Demand was also lowered, with feed, ethanol and exports each reduced, and ending stocks fell about 19 million bushels.

- Date: 2019-12-25 · published 2019-12-25T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/55625-price-above-plc-trigger-corn-south
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

The lower production estimate tightens US ending stocks and lifts the projected season-average farm price to $3.85, above the Price Loss Coverage trigger. Lower global stocks, with days of use at their lowest since 2012 excluding China, add support to prices.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-09-30 | [USDA reports trigger corn rally](https://feedsoft.ai/events/39549-usda-reports-trigger-corn-rally.md) | +1.0% | +3.8% |
| CORN | 2024-06-10 | [Corn Prices Survive Bearish Winter](https://feedsoft.ai/events/6155-corn-prices-survive-bearish-winter.md) | +4.9% | -3.8% |
| CORN | 2023-01-13 | [USDA's WASDE trims South American corn crops - Grain Central](https://feedsoft.ai/events/37741-usda-s-wasde-trims-south-american-corn-crops-grain-central.md) | +0.4% | +0.2% |
| CORN | 2018-04-30 | [What’s Moving The Market? - Corn South](https://feedsoft.ai/events/65535-what-s-moving-the-market-corn-south.md) | +1.4% | +3.8% |
| CORN | 2021-06-30 | [Smaller-than-expected U.S. corn, soy acreage stokes price rally](https://feedsoft.ai/events/46614-smaller-than-expected-u-s-corn-soy-acreage-stokes-price-rally.md) | -0.4% | -10.6% |

## Sources

- cornsouth.com: https://cornsouth.com/articles/price-above-plc-trigger/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.