Grain Express | 1.13.2022

Corn (March) Fundamentals: Corn futures traded in a 13-cent range yesterday, finishing the session “little changed”, after a mix of bearish and bullish data from the USDA offset itself. The USDA had the final yield at 177.0 bushels per acre, in line with estimates. A bump in total acres led to a beat in overall production, 15.115 billion bushels (average analyst estimate: 15.069). US ending stocks came in at 1.540 billion bushels, above the average analyst estimate of 1.472. Quarterly stocks came in at 11.647, above the average estimate of 11.