Increase in USDA Acreage report leads to sharp decline in Corn futures prices

From CME Group: 2025-02-24 13:00:28

The USDA Acreage report, released on June 28, 2024, revealed 91,475,000 acres, exceeding industry estimates. This unexpected increase led to a sharp decline in September 2024 Corn futures, with prices covering a high-low range of 28.75 cents in a single day, the largest intraday range for Corn futures in 2024.



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