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USDA's August WASDE lowered the 2026/27 US corn yield to 180.7 bu/ac and raised harvested area, leaving new-crop corn stocks at 1.653 billion bushels, down 8% from July. Soybean production rose to 4.52 billion bushels on higher acreage despite a lower yield, and soybean ending stocks rose to 320 million bushels.
The report also raised sugar beet and cane figures.
Lower corn stocks support corn prices, while a larger soybean supply and higher crush outlook weigh on soybeans. Sugar and other tighter balances offer additional upside.
mckeany-flavell.comInfo DepartmentAug 12, 2026After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
