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USDA's June 11 WASDE left most US corn and soybean balance sheets unchanged versus expectations. Corn 2025/26 ending stocks rose 3 million bushels to 2.145 billion, and 2026/27 corn stocks rose to 1.960 billion.
Winter wheat production was cut 18 million bushels to 1.030 billion, with HRW down to 497 million.
Higher corn carryout and steady soybean stocks point to ample feed grain supply, which is mildly bearish for corn and neutral for soybeans. The smaller wheat crop is a modest supportive factor for wheat-based feed costs.
admis.comMark SoderbergJun 11, 2026After 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 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.
