# Commodities Overview Nov 2023 Edition - ADM Investor Services

> USDA raised the U.S. corn crop 170 million bushels to a record 15.234 billion, with yield up nearly 2 bushels to 174.9 bpa. Ending stocks were projected at 2.156 billion bushels, the highest in five years, and the farm price was cut 10 cents to $4.85.

- Date: 2023-11-27 · published 2023-11-27T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/7871-commodities-overview-nov-2023-edition-adm-investor-services
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

A larger corn crop and high ending stocks point to ample feed grain supply and bearish corn prices, with feed usage and exports raised partly offsetting the increase.

## Read by commodity

- CORN: bearish ▼
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-08-16 | [Commodities Overview August 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/28853-commodities-overview-august-2024-edition-adm-investor-services.md) | -0.8% | +2.3% |
| CORN | 2021-06-17 | [Ag Market View for June 17th - ADM Investor Services](https://feedsoft.ai/events/7309-ag-market-view-for-june-17th-adm-investor-services.md) | -2.4% | +2.5% |
| CORN | 2025-09-29 | [Record Corn Crop Weighs on Prices Thru Harvest - ADM Investor Services](https://feedsoft.ai/events/22895-record-corn-crop-weighs-on-prices-thru-harvest-adm-investor-services.md) | -1.8% | -1.5% |
| CORN | 2025-07-01 | [Wkly Futures Market Summary For 7.1.2025 - ADM Investor Services](https://feedsoft.ai/events/4521-wkly-futures-market-summary-for-7-1-2025-adm-investor-services.md) | -3.3% | -4.5% |
| CORN | 2026-06-11 | [USDA June 11 Report \| No Major Surprises - ADM Investor Services](https://feedsoft.ai/events/18731-usda-june-11-report-no-major-surprises-adm-investor-services.md) | +0.4% | -0.5% |

## Sources

- admis.com: https://www.admis.com/commodities-overview-nov-2023-edition/

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