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The August WASDE showed 2026/27 US corn production near 16 billion bushels and ending stocks cut 137 million to 1.7 billion, with exports raised to 3.3 billion bushels. Wheat production and stocks were lowered, and the soybean crop rose to 4.5 billion bushels.
The season-average corn price forecast was raised to $4.50 per bushel.
Higher corn exports and lower stocks support prices, and reduced wheat supplies add to upward pressure. The larger soybean crop limits gains for soybeans.
rfdtv.comMarion Kirkpatrick, RFD-TV NEWS STAFFAug 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 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.
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.
