
USDA's September WASDE put 2026/27 US ending stocks at 1.567 billion bushels for corn, 310 million for soybeans, and 717 million for wheat. Corn and soybean carryouts both came in above trade expectations.
Higher-than-expected US carryouts signal ample supplies and point to softer corn and soybean prices, lowering feed grain costs.
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.
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.
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.