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Corn prices fell to a three-year low of $4.68 after the USDA WASDE report projected US corn production rising to 15.2 billion bushels, 170 million above the prior estimate. Yield was raised to 174.9 bushels per acre and exports were raised by 50 million bushels to 2.1 billion.
A larger US crop and higher export forecast signal ample corn supplies, pressuring corn prices and lowering feed grain costs for buyers.
markets.bostonherald.comAssociated PressMar 6, 2019After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.
