IGC raises forecast for 2023/24 world corn crop

After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.

• Mar 12, 2021COCEREAL revises 2021 EU crop forecast lower | World Grain-0.3%
• Sep 19, 2018COCERAL revises E.U. crop forecast downward | 2018-09-19 | World Grain+0.7%
• Oct 10, 2018Brazil corn production forecast higher | 2018-10-10 | World Grain+8.2%
• Apr 29, 2025Australia’s grain crops forecast upbeat | World Grain+2.1%
• Jan 27, 2021Smaller wheat and oat crops forecast for Canada | 2021-01-27 | World Grain-10.0%

After 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.

• Aug 22, 2024Record US soybean crop forecast in 2024 | World Grain-2.2%
• Nov 9, 2021France raises crop forecasts for wheat, maize and+1.2%
• Feb 13, 2025Brazil’s Conab Raises Grain Output Forecast on Bigger Corn Crop+1.7%
• May 22, 2023IGC sees record total grains output in 2023-24 | World Grain+8.2%
• Feb 27, 2025USDA Forecasts Record Corn Crop, Larger Soybean Crop for 2025-26-5.3%