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A High Plains Journal analysis says US corn demand for 2018-19 exceeds production, with 14.6 billion bushels produced against 15 billion used. Ending stocks of 1.78 billion bushels are described as comfortable, and a lower USDA yield would cut stocks to about 1.66 billion bushels.
Demand exceeding supply and the possibility of a yield cut could tighten the balance sheet and support corn prices if the market shifts its perception.
hpj.comHPJ StaffFeb 4, 2019After 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.
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.
