
The IGC forecasts record 2025-26 global grains output of 2.461 billion tonnes, with wheat at a record 842 million tonnes and corn at 1.313 billion tonnes. Carryover stocks are projected at 634 million tonnes, the highest in nine years, while soybean output is seen slipping slightly and consumption rising to a record.
Output growing faster than use builds stocks, which weighs on grain prices. Rising soybean consumption against slightly lower output is supportive for soybeans.
After 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 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% 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.