USDA cut its corn yield estimate to 179.6 bushels per acre from 181.2, below the trade average of 180.5, and ending stocks fell to 1.758 billion bushels. December corn closed at $4.48 a bushel on 11 November, down 1 cent after a sharp rally the previous day.
A smaller US crop and tighter ending stocks support corn prices and raise feed costs for livestock buyers. The post-report rally is cooling, but the lower balance sheet still points to firm corn values.
After 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.
Not enough comparable past events yet for a historical read.
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.