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Iowa remained the top U.S. corn producer for the 24th consecutive year, with a near-record 2017 crop. Production was 5% below the 2016 record for corn and 1% below for soybeans.
USDA's final estimates were released January 12.
Iowa's large output confirms a plentiful U.S. corn supply, which supports the bearish outlook for feed grain prices.
farmprogress.comRod Swoboda 1Jan 25, 2018After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
