
Iowa Farm Bureau recapped the September 2026 WASDE, noting US corn ending stocks fell 86 million bushels to 1,567 million and soybean stocks dropped to 310 million, both beating expectations. Wheat carryout was unchanged at 717 million, and world wheat stocks rose.
Stocks above expectations point to looser balances for corn and soybeans, which weighs on feed grain and meal prices.
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 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.
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.