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CoBank's report says a record US harvest of 21.5 billion bushels of corn, soybeans and grain sorghum will strain grain storage and transport this fall. Upright storage is 1.4 billion bushels short in the top 12 corn states, and merchandisers are charging higher fees.
Corn and wheat exports are strong while soybean demand is weak amid China trade uncertainty.
Heavy supply and weak soybean export demand weigh on cash prices, while storage constraints raise costs and basis volatility for feed buyers.
feedstuffs.comCoBankOct 6, 2025After 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 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
Not enough comparable past events yet for a historical read.
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.
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.
