Corn Futures Drop Following Surprise Yield Increase in January USDA Report
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# **Corn futures revisit the 200-day moving average. Another failure or a breakout?** Oliver Sloup on Markets on the Move: Grain futures worked higher to start the week with corn knocking on the door of a breakout above the 200-day moving average. Soybeans and wheat found relief and livestock saw upward momentum too. Tune in for more. Sign up for a free trial of our daily analysis! [[https://bluelinefutures.com/free-trial/](https://bluelinefutures.com/free-trial/)](https://bluelinefutures.com/fr
73 views4 months ago
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Corn futures plunged on Monday following USDA's bearish report. Futures fell nearly 6%, marking the largest single-day decline since June 2023. The USDA raised its estimate of the 2025 US corn crop to a record 17.02bil bushels, an increase of 269mil bushels. The agency also increased its estimate of last year’s national average yield to a record 186.5 bpa, from 186 bpa previously. Following the dry conditions last fall, many analysts had expected a reduction in both production and yield estimate
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