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The Iowa Farm Bureau's review of the July WASDE found US 2026-27 corn ending stocks fell 170 million bushels to 1.79 billion, 109 million below trade expectations. Soybean ending stocks were unchanged but 22 million below expectations, and wheat ending stocks fell 22 million to 722 million.
World corn stocks were also reduced to 275.26 million tonnes.
Corn stocks coming in well below trade estimates point to firmer corn prices and tighter feed supply. Soybean stocks missing expectations add some support to soybean meal values.
iowafarmbureau.comJul 13, 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 747 past bullish report events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 414 past bullish report events, SBM moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% 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.
