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Grain futures fell on March 10, with May SRW wheat down 2.0% to $5.91/bu, May HRW down 1.8% to $6.09/bu, and May Euronext wheat down 2.7%. USDA's March WASDE raised global corn ending stocks to 292.8 million tonnes and cut global wheat ending stocks to 277.0 million tonnes.
USDA also raised Ukraine's wheat and corn production estimates and cut Russian and Ukrainian wheat export forecasts.
The WASDE shows a larger global corn supply, which is bearish for corn, while lower wheat stocks and cut export forecasts from Russia and Ukraine are supportive for wheat prices.
blog.sizov.reportAndrey SizovMar 11, 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 769 past bullish report events, Wheat (SRW) 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, Wheat (HRW) 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.
