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USDA's July WASDE left most figures unchanged, with corn yield at 183.0 bushels per acre and production at 16.0 billion bushels. Corn 2026-27 beginning stocks were cut by 125 million bushels to 2.0 billion on higher feed and residual use.
Winter wheat prices jumped more than 3.5% on historically low US production and lower global supplies.
Tighter US corn beginning stocks and historically low wheat output support feed grain prices, and the report shifts market focus to weather through the rest of the season.
farmprogress.comBen PotterJul 10, 2026After 1,040 past bullish report events, CORN moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 747 past bullish report events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 769 past bullish report events, WHEAT moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
After 180 past bullish report events, KWHEAT moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.7%), and -0.6% 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.
Winter wheat prices jumped over 3.5% on historically low US production and lower global supplies after the WASDE.
