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USDA's January 2026 WASDE raised US corn production to a record 17 billion bushels, up 269 million from December on a 0.5 bushel per acre yield increase. US wheat ending stocks rose 25 million bushels to 926 million, and global wheat supplies climbed 4.3 million tons on record Argentine output.
A record US corn crop and larger wheat stocks add substantial bearish pressure on both grains. The size of the surprise makes this a high-magnitude report for feed buyers.
feedandgrain.comFeed, Grain StaffJan 12, 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.
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.
