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“To me the path of least resistance is to the upside. With 2026-27 U.S. corn stocks just under 1.8 bil. bu. we don’t have as much wiggle room for yields coming off the current USDA est. of 183 bpa with production at 16 bil. bu. Cutting yields 3 bpa to 180 would lower ending stocks to roughly 1.5 bil., which in my view would justify prices above $5,” Mark Soderberg of ADM Investor Services said.
