The Impact of Public Information on Commodity Market Performance: The Response of Corn Futures to USDA Corn Production Forecasts

by Carlos Arnade, Linwood Hoffman, and Anne Effland

USDA’s corn-output projections have a significant impact on corn futures. This report shows how the release of USDA’s WASDE report influences daily futures prices.

Keywords: Future prices, corn, corn output, corn futures, crop projections, uncertainty, World Agricultural Supply and Demand Estimates, WASDE, futures contracts, market impact

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