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USDA's first 2025/26 supply and demand estimates project US harvests of 15.6 billion bushels of corn, 4.4 billion of soybeans, 1.9 billion of wheat and 0.4 billion of sorghum. The combined 22.2 billion bushels would be 3% above 2024/25, and projected fall storage is 1.2 billion bushels below the prior three-year average.
Larger projected supplies are bearish for feed grain and oilseed prices, though tighter storage could increase transport demand and support basis in the fall.
doi.orgMar 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, SOY 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.
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.
