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The March WASDE left US ending stocks unchanged at 2.127 billion bushels for corn, 350 million for soybeans and 931 million for wheat. USDA trimmed Argentina's corn crop by 1 MMT to 52 MMT and raised Brazil's to 132 MMT, while Brazil's soybean crop stayed at a record 180 MMT.
The report was largely a non-event, so prices followed crude oil lower; the modest South American production shifts offer limited price support.
agweb.comMar 10, 2026After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
