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ADM Investor Services' monthly overview summarizes the July WASDE, with US 2025/26 corn ending stocks cut to 2.020 billion bushels and feed usage up 150 million. US 2026 wheat production was cut to 1.536 billion bushels, the lowest since 1970, and soybean old-crop stocks were trimmed to 330 million bushels.
The overview also notes a possible 10% or more drop in Ivory Coast cocoa.
The tighter US corn and wheat balance sheets reinforce upward price pressure on feed grains. The overview restates a report already widely known, so it adds little new supply information.
admis.comADMIS Research TeamJul 17, 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.
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.
